Floatel International Ltd: Contract Extension and Vessel Nomination

2022-06-03

The Company is pleased to announce that Equinor Brasil Energia Ltda has extended the contract for Floatel Victory to provide Maintenance and Safety Unit (MSU) services alongside Peregrino Floating Production Storage and offloading unit (FPSO) offshore Brazil until year-end 2022, with further options thereafter.

Floatel Victory is the nominated vessel for the contract with Chevron U.S.A. Inc. to provide offshore accommodation services at the Anchor Field Development in the US Gulf of Mexico which is expected to start mid Q2-2023.

For further information, please contact:

Peter Jacobsson, CEO Tel: +47 46 50 01 33; Mob: +47 934 00 232

Tomas Hjelmstierna, CFO Tel: +47 46 50 01 33; Mob: +47 934 00 381