Soiltech

Business and Financial Review • Jan 10, 2025

Waste management services on Deepsea Bollsta

Waste management services on Deepsea Bollsta

Soiltech ASA (OSE: STECH)

Sandnes, Norway 10 January 2025

Soiltech ASA has been informed of the intention to award Soiltech an agreement for the delivery of Drilling waste management services on the harsh environment drilling rig Deepsea Bollsta. The contract is expected to commence in the second half of 2025. This is estimated to be a large contract for Soiltech¹.

Deepsea Bollsta will be working for Equinor in Norway for an estimated firm duration of two years, plus five one-year optional periods.

Soiltech will provide offshore cuttings handling services and processing of all liquid waste fluid on the rig.

“We are thankful for being selected for this contract. By combining the cuttings handling services with the liquid waste processing on the rig, we can provide the most efficient and cost-effective solution to the client”, says Erik Bjøndal-Røvde, Vice president operations in Soiltech.

About Soiltech

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.

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

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1. Contract sizes

A sizable contract has an estimated value of MNOK 5 - 10 over 12 months

A substantial contract has an estimated value of MNOK 10 – 20 over 12 months

A large contract has an estimated value above MNOK 20 over 12 months

Contact:

Tove Vestlie, CFO Telephone: (+47) 90 69 06 48

Jan Erik Tveteraas, CEO Telephone: (+47) 95 21 49 25