Multiconsult

Multiconsult has been awarded contract with Statoil ASA for Northern Lights - Site preparation and Marine structures

Statoil ASA has awarded Multiconsult ASA the contract for Northern Lights - Site

preparation and Marine structures. The value of the contract is approximately

NOK 24 million for Multiconsult ASA and work will begin immediately.

The Norwegian Government has stated that a Carbon Capture and Storage (CCS)

demonstration project shall stimulate necessary development of CCS so that the

Norwegian and the EU long-term climate targets can be reached at a lowest

possible cost.

A full-scale CCS value chain with capture from up to three industrial sources,

ship transport and permanent geological storage has been developed as a response

to this ambition. Gassnova is the project integrator for the total CCS value

chain, and awarded in June 2017 the concept and FEED studies for the storage

part to Statoil. Statoil has named this project "Northern Lights". Shell and

Total entered the project as partners in September 2017.

Multiconsult will perform the site preparation design and marine structures

design for the Northern Lights Onshore Facility Terminal. The Scope of Services

include Concept, FEED, Detailed engineering and follow up phases.

Completion date for the contract is in 2021, however most of Multiconsult ASA's

work will be executed in 2018 and 2019.

The contract award is subject to standstill period, which expires on 13 November

For further information, please contact:

Investor relations:

Mirza Koristovic, Head of Investor Relations

Phone: +47 93 87 05 25

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

ABOUT MULTICONSULT

Multiconsult is a leading Norwegian multidisciplinary engineering consulting

company, with more than 2 500 employees and 45 offices in Norway and abroad. The

Company focuses on six business areas: Buildings & Properties, Transport,

Renewable Energy, Oil & Gas, Industry and Water & Environment. The Company has

an operating history that spans more than a century, with the inception of Norsk

Vandbygningskontor in 1908.

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