Secures Contract for Floatel Endurance in 2029

Floatel International is pleased to announce that a contract has been signed with Aker BP ASA for the Floatel Endurance to provide accommodation and construction support services to the Alvheim FPSO (Floating Production, Storage and Offloading unit) on the Norwegian Continental Shelf in the central North Sea in 2029.

The medium-term contract is due to commence late Q1/early Q2 2029.

Floatel Endurance is also contracted by Aker BP for the Skarv project due to commence in Q1 2026 and for the Yggdrasil project due to commence in Q3 2026.

Peter Jacobsson, Group CEO of Floatel International, comments:
“We are very pleased to once again be given the trust and opportunity to deliver our services to Aker BP on another important project.”

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.