Stavanger, 7 January 2026 -- Moreld ASA ("the Company") announces that its
wholly owned subsidiary, Moreld Apply, has been awarded a frame agreement to
compete for large, complex modifications on Equinor's onshore and offshore
facilities.
The EMOD/EPRO frame agreement will commence on 1 March 2026. The frame
agreement has a duration of five years and includes extension options of three
plus two years. The frame agreement is strategically important for the company
and is estimated to contribute a volume as a major* contract over the contract
period including options.
Moreld Apply will continue to deliver Maintenance & Modification (M&M)
services to Equinor in the Norwegian market based on the current portfolio in
the FLX contract. However, the company was not selected as one of the
suppliers to deliver M&M services to additional Equinor assets.
*Moreld defines a major contract as above NOK 2 billion in expected value.
For further information, please contact:
CEO Geir Austigard Telephone: +47 992 47 500
Email: Geir.austigard@moreld.com
CFO Trond Rosnes Telephone: +47 404 14 494
Email: Trond.rosnes@moreld.com
About Moreld
Moreld is an industrial multi-disciplinary engineering group offering
full-scope services across the offshore energy and marine industries including
subsea installations. The group comprises Moreld Apply, Ocean Installer and
Global Maritime. Moreld is a major player on the Norwegian continental shelf
with an international footprint. The Group is located in 19 countries, giving
access to all major offshore markets, and has over 2,800 employees and
contractors. For more information, please visit https://moreld.com/.
(https://moreld.com/).
About Moreld Apply
Moreld Apply is a leading provider of engineering, maintenance, and
modification services for the energy sector. Headquartered in Stavanger,
Norway, the company is part of the Moreld Group and employs approximately
2,500 professionals. With decades of experience and a robust track record on
the Norwegian continental shelf, Moreld Apply serves clients in oil and gas,
renewables, and other industrial markets, delivering tailored solutions that
emphasize safety, efficiency, and innovation. For more information, please
visit https://www.apply.no/. (https://www.apply.no/).
This information is information that Moreld is obliged to make public pursuant
to the EU Market Abuse Regulation. The information was submitted for
publication, through the agency of the contact persons set out above, at
2026-01-07 23:40 CET.