Multiconsult

Regulatory Filings • Jan 13, 2025

Awarded a significant electrification contract with Equinor

Awarded a significant electrification contract with Equinor

Multiconsult ASA (Oslo: Multi)

Multiconsult Norge AS, in collaboration with subcontractors Aker Solutions AS

and fully owned subsidiary LINK Arkitektur AS, has been awarded a contract from

Equinor to provide engineering services for the electrification of oil and gas

installations in the Halten, Tampen and Grane Balder areas on the Norwegian

continental shelf.

The contract covers pre-FEED/ and FEED (Front-End Engineering Design) with

options for detailed engineering, follow-on work, procurement assistance, and

construction supervision. The total estimated value of the contract, including

all potential options, is approximately NOK 600 million.

The project includes the engineering of the entire onshore facility, which

includes grid connection, transmission lines, onshore cabling, three substations

and landfalls.

The initial contract value for Multiconsult is NOK 66 million, covering the pre

-FEED/FEED phase which is scheduled to be completed in 2025.

The contract, including all potential options, aims for completion by 2030.

The electrification projects are currently in an early phase and much work

remains before final investment decisions can potentially be made by the

different partnerships. Thereafter the authorities must approve the projects.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & IRO

Phone: +47 416 11 161

E-mail: ir@multiconsult.no / psmj@multiconsult.no

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

E-mail: gc@multiconsult.no