AF Gruppen has received a letter of award for a decommissioning contract from
Scaldis Salvage & Marine Contractors NV.  The project will involve the
engineering and offshore preparation, of 3 bridge linked platforms for removal
on the UK continental shelf.  The agreement has an estimated value of 100-125
MNOK excluding VAT.

The engineering will start imminently with offshore preparation activities
planned for Q2 2026. The weight of the topside structures is approximately 6,500
metric tonnes.

"We are very pleased to have been awarded this project by Scaldis Salvage &
Marine Contractors NV. In cooperation with both Scaldis and their client, we
look forward to starting this important work. In this project, we will survey,
engineer, and prepare the three topsides for removal by reverse installation.
This represents an important deepening of the relationship with Scaldis, with
the scope firmly anchored within one of our core competencies, the award is
recognition of our significant track record in delivering safe and efficient
offshore solutions in the decommissioning market," says Lars Myhre Hjelmeset,
EVP Offshore at AF Gruppen


For further information:
 
CEO AF Gruppen: Amund Tøftum, tel. +47 920 26 712
EVP Offshore AF Gruppen: Lars Myhre Hjelmeset, tel. +47 970 39 084