Moreld ASA: Global Maritime awarded decommissioning contract for the TetraSpar Demonstrator Project

27 Mar 2026 09:30 CET

Stavanger, 27 March 2026: Global Maritime, a wholly owned subsidiary of Moreld
ASA, has been awarded a contract by TetraSpar Demonstrator ApS for the
decommissioning of the TetraSpar Demonstrator Project, the world's first
full scale demonstration of an industrialised floating offshore foundation.

The scope includes full offshore and onshore decommissioning services,
covering project management, engineering, procurement, logistics, and
dismantling work, delivered in cooperation with Semco Maritime at the
Hanøytangen yard.

The award will be recognized as a sizeable contract, falling in the lower
boundary of the category.

*Moreld defines a "sizeable" contract as having an expected value between NOK
100 million and NOK 500 million.

For more information, please contact:
CEO Geir Austigard
Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com

CFO Trond Rosnes
Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com (mailto:Trond.rosnes@moreld.com)

About Moreld

Moreld is an industrial multi-disciplinary engineering group offering
full-scope services across the offshore energy and marine industries including
subsea installations. The group comprises Moreld Apply, Ocean Installer and
Global Maritime. Moreld is a major player on the Norwegian continental shelf
with an international footprint. The Group is located in 19 countries, giving
access to all major offshore markets, and has over 2,800 employees and
contractors. For more information, please visit https://moreld.com/.
(https://moreld.com/)

About Global Maritime

Global Maritime is a marine, offshore and engineering consultancy that
provides specialist & owners engineering, integrated geoscience solutions,
marine warranty, dynamic positioning, and marine consultancy. Known for
innovation, practical experience, operational excellence, & safety. Founded in
1979, Global Maritime's services span the entire offshore project lifecycle
from early concept, Pre-FEED, FEED, and detailed design through to
construction and decommissioning. For more information, please visit:
https://www.globalmaritime.com/

More information:
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669602_Moreld ASA- Global Maritime awarded decommissioning contract for the TetraSpar Demonstrator Project.pdf