Floatel International Ltd: Contract Award

Oslo, February 27, 2024

The Company is pleased to announce that the Group has secured a contract with Equinor Energy AS for the deployment of the Floatel Superior. This vessel will provide accommodation and support services at the Åsgard B facility located on the Norwegian Continental Shelf.

The assignment is scheduled to begin in March/April 2025, with a firm duration of six months. Furthermore, the contract includes an option for Equinor Energy AS to extend the hire period.

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