Multiconsult

Multiconsult with important contract for the Yggdrasil power from shore project

Multiconsult (OSE: Multi) has been selected as an advisor to Aker BP for civil

engineering, consultancy and supervision services in the Yggdrasil power from

shore project.

Multiconsult will be responsible for carrying out all the required onshore civil

engineering tasks for the power from shore system. In addition, Multiconsult

will deliver consultancy and supervision services related to the preparation and

follow up of the power licence, such as environmental assessments, dialogue with

authorities, necessary application and site work.

"Multiconsult has already delivered on the front-end engineering and design

(FEED) phase of this project, and we are excited that Aker BP has given us the

opportunity to contribute further into the execution phase of the project.

Multiconsult is currently engaged in multiple projects related to

electrification and on this project, Multiconsult will contribute to ensuring

minimal greenhouse gas emissions from the Yggdrasil area." says Jarle Søberg,

Senior Vice President, Projects - Multiconsult Norge AS.

The concept includes a new transformer station at Børdalen in Samnanger, a new

11-kilometre powerline in Samnanger, a compensation station at Årskog in Fitjar

and a 255-kilometre sea cable from Samnanger to the Yggdrasil area in the North

Sea.

"We are very pleased to enter this long-term agreement with Multiconsult. The

company has already contributed to the power from shore project in Yggdrasil for

several years and has delivered high quality over time," states Project manager

Tormod Huseby, Aker BP.

Aker BP is the operator of the Yggdrasil area, while Equinor and PGNiG Upstream

Norway are license partners. The three entities are collaborating to develop the

area with low impact on the environment, aiming for a minimal carbon footprint.

To this end, implementing a power from shore solution for the Yggdrasil area

holds significant importance.

The contract awarded to Multiconsult Norge AS has an estimated value of NOK 400

million. The work will last until the end of 2027.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & IRO

Phone: +47 416 11 161

Media:

Gaute Christensen, VP Communications

Phone: +47 911 70 188

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