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- Soiltech To Provide Drilling Waste Management Services On Grane
Soiltech to provide drilling waste management services on Grane
14 Jan 2025 13:58 CET
Issuer
Soiltech ASA
Soiltech ASA (OSE: STECH)
Sandnes, Norway, 14 January 2025
Soiltech ASA has received a call-off order under the Frame agreement with
Equinor to provide drilling waste management services on the Grane field in
Norway. The services comprise offshore provision of solid waste (drill cuttings)
handling. This is estimated to be a large contract for Soiltech¹. Expected
startup is first quarter of 2025.
The Frame agreement with Equinor has a duration until June 2026, option periods
excluded, potentially 2034 including all option periods.
The Grane platform is located about 185 kilometres west of Haugesund.
“We have invested a lot in developing more effective solutions for the handling
of drill cuttings offshore. This includes efficient cuttings transfer on the
rig, and flexible solutions for cuttings storage. Always with a focus on safe
operations.”, says Glenn Åsland, COO in Soiltech.
About Soiltech
Soiltech is an innovative technology company specializing in the treatment,
recycling and sustainable handling of contaminated water and solid waste on
site. Our technologies enable cost savings and lower CO2 emissions through waste
reduction, waste recovery and reuse.
Soiltech operates world-wide and is headquartered in Norway.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
____________
1. Contract sizes
A sizable contract has an estimated value of MNOK 5 - 10 over 12 months
A substantial contract has an estimated value of MNOK 10 – 20 over 12 months
A large contract has an estimated value above MNOK 20 over 12 months
Contact:
Tove Vestlie, CFO Telephone: (+47) 90 69 06 48
Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25
More information:
Access the news on Oslo Bors NewsWeb site
Source
Soiltech ASA
Provider
Oslo Børs Newspoint
Company Name
SOILTECH ASA
ISIN
NO0010713571
Symbol
STECH
Market
Euronext Expand