Multiconsult

Multiconsult - order of new drilling vessel

Multiconsult (Oslo: MULTI) has a leading position in the ground survey market

both at sea and on land. After the accident with one of our drilling vessels in

January 2022, Multiconsult has chosen to replace it with a new build. A new

specially designed catamaran for our operations has now been ordered and planned

to be completed and ready for operation during the first half of 2024. This

newly developed vessel will be a total of 24 metres and has an estimated cost of

around NOK 60 million.

Over several decades Multiconsult Norge AS has developed and run specialised

drilling vessel to carry out these operations throughout the coastal zone in

Norway. Multiconsult holds a leading position in this "small-scale" drill ships

for nearshore operations. As designer and planner in many projects in the

coastal zone and at sea, this investment will complement to the wide range of

projects available for Multiconsult including port developments, industrial

projects, transport projects, aquaculture development and floating facilities

that require anchor locations. The new drilling vessel will be larger and faster

than earlier vessels and have better operating economics, providing

opportunities for a variety of investigations in a wider geographical area.

For further information, please contact:

Investor relations:

Pål-Sverre Jørgensen, Group Treasurer & Investor Relations Officer

Phone: +47 416 11 161

Media:

Cato A. Mørk, Senior Communications Advisor

Phone: +47 924 55 663

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