Odfjell Technology is awarded a multi-million NOK contract from OSM Thome to provide upgrade and modification services on the Heidrun B Floating Storage Unit (FSU), owned byEquinor and partners. Under the contract,Odfjell Technology will provide engineering, construction, and installation services on several tasks, including a new Volatile Organic Compounds Recovery System and replacement of an existing crane, that will increase the safety level and the technical condition of the FSU. Anne Siri Sævareid, EVP Projects & Engineering atOdfjell Technology , comments: "We are thrilled to announce this significant milestone in our company's journey as we take a step forward in the area of engineering and installation. Thanks to our versatile workforce, we have the capacity to successfully undertake a comprehensive range of 21 tasks within this specific scope of work." The contracted work started inMay 2022 but is now formalised in a modification contract with OSM Thome. Estimated contract completion is in the 1st quarter of 2027. About Heidrun B Heidrun B is a Floating Storage Unit (FSU) operating at the Heidrun field. The vessel is owned byEquinor and their partners in the Heidrun license. OSM Thome is responsible for the daily operations and maintenance of the vessel, as well as technical integrity. OSM Thome has entered into a Subcontract with Odfjell Engineering AS concerning the provisions of Heidrun B FSU Modification Work. For further queries, please contact:Gillian Basson , Corporate Secretary +44 (0) 7796 547 889 gbas@odfjelltechnology.comAberdeen, United Kingdom orGert Haugland , SVP Finance & Investor Relations +47 92661638 gjha@odfjelltechnology.com18 January 2024 Odfjell Technology Ltd
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