AF Gruppen

Regulatory Filings • Sep 25, 2017

New offshore decommissioning project for AF Gruppen

New offshore decommissioning project for AF Gruppen

AF Gruppen ASA (AFG) have received notice that ConocoPhillips (UK)

Limited intend to enter into a frame agreement for the future

removal and disposal of up to 7 platforms in the Southern North Sea.

The frame agreement includes Engineering, Preparation, Removal &

Disposal (EPRD) of up to 7 satellite platforms with a total tonnage

of approx. 10.000 tons within the next 10 years.

"AF Gruppen has extensive experience with offshore EPRD projects,

and this agreement fits well with our capacity and expertise. We are

delighted with the confidence shown in us by ConocoPhillips (UK),"

says Morten Grongstad, CEO of AF Gruppen."

For further information:

CEO AF Gruppen: Morten Grongstad, tel. +47 991 53 905

EVP Offshore AF Gruppen: Amund Tøftum, tel. +47 920 26 712