Soiltech

Regulatory Filings • Sep 16, 2024

Soiltech awarded contract with PGNiG

Soiltech awarded contract with PGNiG

Soiltech ASA (OSE: STECH)

Sandnes (Norway), 16 September 2024

PGNiG has awarded Soiltech a contract for the treatment of contaminated water on the semi-submersible, harsh environment rig Deepsea Yantai, operated by Odfjell Drilling. This is a sizable¹ contract for Soiltech. Startup is expected to be in the fourth quarter of 2024.

“We are pleased to announce this contract which we see as result of Soiltech’s focus on providing cost-effective and sustainable solutions to our clients. By treating the waste offshore on the drilling location, without the use of chemicals, we are reducing the amount of waste transported to shore, and thereby reducing the carbon emissions”, says Jan Erik Tveteraas, Soiltech’s CEO.

Soiltech is already treating contaminated water onboard Odfjell Drilling’s Deepsea Aberdeen, Deepsea Atlantic and Deepsea Stavanger.

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1.Contract sizes

A sizable contract has an estimated value of NOK 3 - 10 million A substantial contract has an estimated value of NOK 10 – 25 million A large contract has an estimated value above NOK 25 million

About Soiltech

Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste at 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.

For more information, contact:

Tove Vestlie, CFO

Telephone: (+47) 90 69 06 48

Jan Erik Tveteraas, CEO

Telephone: (+47) 95 21 49 25