Floatel International Ltd: Contract Award

The Company is pleased to announce that Floatel Triumph Ltd. has been awarded a contract by Chevron U.S.A. Inc. to provide offshore accommodation services at the Anchor Field Development in the US Gulf of Mexico. The contract provides Chevron with an option to establish the base charter period for either four or five months with an expected commencement of accommodation services in the second or third quarter of 2023. Chevron has options to extend the charter after the firm period.

For further information, please contact:

Peter Jacobsson, CEO, Floatel International AB
Tel: + 46 31 352 07 00; Mob: +46 76 856 36 18
Tomas Hjelmstierna, CFO, Floatel International AB
Tel: + 46 31 352 07 00; Mob: +46 70 261 09 01