Largest oil producer in the world qualifies NORWAPOL® and NORWAFLOC® at the largest offshore oilfield in the world

27 Mar 2025 15:40 CET

Bergen, Norway, March 27, 2025 -- M Vest Water (EURONEXT: MVW) announces that
Saudi Aramco has decided to qualify NORWAFLOC® and NORWAPOL® at Safaniya, the
largest offshore oilfield in the world.

In Q4 2024, MVW successfully verified through initial jar tests that the
implementation of MVW's patented NORWAFLOC® chemicals and NORWAPOL® filters
can fully meet treatment criteria for current and future discharge limits at
Safaniya.

The qualification will be executed in a two-week pilot at Safaniya Oil Field,
scheduled to start on June 8th, 2025. The process involves treating a slip
stream of 1000 barrels/day with equipment (a flotation unit) where the
separation of oil and water is enhanced by dosing NORWAFLOC®, followed by
final polishing in our disruptive NORWAPOL® filter.

Upon meeting Saudi Aramco's treatment success criteria, MVW's environmentally
friendly, natural-based NORWAFLOC® chemical and the polishing filter NORWAPOL®
will be qualified for use at Safaniya Oil Field and all Saudi Aramco oil
fields in general.

Safaniya Oil Field alone has a produced water production of 600,000 barrels
(95,000 m3) per day, representing more than 30% of the total produced water
discharges at the entire Norwegian Continental Shelf.

MVW estimates that 20 more fields within Saudi Aramco will need improved
treatment of produced water in the near future to meet internal and upcoming
regulatory requirements. Among these fields, Gawar Oil Field is the largest
onshore field in the world, with a produced water production exceeding the
total produced water discharged at the Norwegian Continental Shelf.

The reuse needs of produced water for enhanced oil recovery and significantly
tightening discharge and disposal regulations (5 mg oil in water within 3
years) are strong drivers requiring significant investments in this industry
in Saudi Arabia in the near future.

MVW can offer very competitive solutions upon successful qualification by
Saudi Aramco, where in most cases existing produced water systems can be used
as is with the addition of NORWAFLOC® chemical dosing and NORWAPOL®
filtration.

"We are very pleased that Saudi Aramco opens its door for MVW to qualify its
products. It normally takes 3-4 years to reach this final qualification step,
which MVW has now achieved in just half a year. Qualification for Safaniya and
Saudi Aramco in general is a significant and important milestone that we
believe will boost our commercialization in the entire Middle East region,"
says Tor Olav Gabrielsen, Executive Chairman at MVW.

Contacts
For further information, please contact:

Tor Olav Gabrielsen, Executive Chairman
tog@mvestwater.com
+47 924 08 607

Morten Hilton Thomassen, CFO
mht@mvestwater.com
+47 92 25 85 70

About Us
M Vest Water is an environmental technology company which has developed unique
products and solutions to the water treatment industry, both Industrial as
well as the Municipal markets. The products are non-toxic, biodegradable and
without any harm to the environment. It obtains the highest degree of
purification in a cost-efficient arrangement.

M Vest Water is listed on Euronext Growth under the ticker MVW.
For more information, visit www.mvestwater.com.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2025-03-27 15:40 CET.

More information:
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