Oslo, March 13, 2025
The Company is pleased to announce that the previously communicated Letter of Intent (LOI) with an undisclosed North Sea client for Floatel Endurance has now been converted into a firm contract.
The assignment is with Aker BP at the Skarv field on the Norwegian Continental Shelf and covers a six-month period, with additional options. It is scheduled to commence in spring 2026.
This contract underscores our ongoing commitment to delivering high-quality offshore accommodation solutions in harsh environments.
For further information, please contact:
Peter Jacobsson, CEO, +47 934 00 232
Tomas Hjelmstierna, CFO, +47 934 00 381
Tel: +47 46 50 01 33
Email: ir@floatel.no
This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.