NOV and Soiltech enter global collaboration on drilling waste management

NOV and Soiltech have entered into a Memorandum of Understanding (MoU) to collaborate globally on a non-exclusive basis on selected projects within drilling waste management. The collaboration aims to combine NOV’s and Soiltech’s waste management technologies to deliver tailor-made solutions for customers.

“The cooperation with NOV will support our international expansion by leveraging NOV’s complementary technologies and extensive presence in international markets,” says Jan Erik Tveteraas, CEO of Soiltech

“This collaboration enhances NOV’s ability to deliver a complete and sustainable waste management solution to our customers. By combining our strengths with Soiltech’s technologies, we can offer more efficient, sustainable, and tailored approaches to managing drilling waste globally,” says Billy Martin, President – WellSite Services, NOV

About Soiltech:
Soiltech is an innovative technology company specializing in the treatment, recycling and sustainable handling of contaminated water and solid waste at site. Our technologies enable cost savings and lower CO2 emissions through waste reduction, waste recovery and reuse. Soiltech operates world-wide and is headquartered in Norway.

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