EIOF - Five-year contract award for Subsea Viking

EIOF - Five-year contract award for Subsea Viking

19 Jul 2022 10:47 CEST

Eidesvik Offshore ASA ("Eidesvik") has been awarded a five-year contract with
Van Oord Offshore Wind B.V. ("Van Oord") for Subsea Viking. The new contract
will commence in Q1 2023. In addition, Van Oord has been granted options for
further extensions and on certain terms a call option for the vessel after the
firm period.

Gitte Gard Talmo, CEO & President of Eidesvik, commented:
"We are very pleased with this contract award by Van Oord, a leading
international player in the offshore wind market. The contract will expand
Eidesvik's presence in the renewables market, and we look forward to building a
strong and long-standing relationship with this important new client."

Arnoud Kuis, Managing Director Offshore Wind at Van Oord commented:
"The vessel will be deployed at various Van Oord projects, as a trenching
support vessel, and will be the main platform for the Van Oord trencher Dig-It."

Bømlo, July 19, 2022

Contact:
CEO Gitte Gard Talmo (+47 915 23 245)
CFO Tore Byberg (+47 475 09 012)

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

Source

Eidesvik Offshore ASA

Provider

Oslo Børs Newspoint