Soiltech awarded multi-year fluid treatment contract in the Middle East

19 Jan 2026 07:28 CET

19.1.2026 07:28:39 CET | Soiltech ASA | Non-regulatory press releases

Soiltech ASA (OSE: STECH)
Sandnes, Norway, 19. January 2026

Soiltech has been awarded a contract by Wellbore Integrity Solutions in Dubai to
deliver fluid treatment services. The contract involves the use of Soiltech's
field-proven Swarf Removal System (ST-SRS?) to remove metal residues (swarf)
from drilling fluids during offshore milling operations in the Middle East
region.

The contract has a duration of three years, with extension options, and is
expected to represent a substantial¹ value for Soiltech over the initial period.
Startup of operations is scheduled for the second quarter of 2026.

"This is a strategically important contract for Soiltech as we continue to
strengthen our presence in the Middle East," says Glenn Åsland, Chief Operating
Officer of Soiltech. "By utilizing our Swarf Removal System, we ensure that
swarf from the milling process is handled in an environmentally responsible
manner, enabling recovery and reuse of drilling fluids while minimizing waste."

____________

1. Contract sizes
A sizable contract has an estimated value of MNOK 5 - 10
A substantial contract has an estimated value of MNOK 10 - 20
A large contract has an estimated value above MNOK 20

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

CONTACTS

* Jan Erik Tveteraas, CEO, Soiltech ASA, +47 95 21 49 25,
jan.erik.tveteraas@soiltech.no
* Tove Vestlie, CFO / Investor Relations, Soiltech ASA, +47 90 69 06 48,
tove.vestlie@soiltech.no

ABOUT SOILTECH ASA

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.

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