Moreld Apply Awarded Contract by Equinor for FLX Future Energy Project

Moreld Apply has beenawarded a contract by Equinor for the FLX Future Energy project. MoreldApply, in conjunction with Equinor, has developed a concept and technical solution for implementing a steam turbine system on Statfjord C since the summer of 2022. Waste heat from the gas turbine will be utilized to generate steam, which in turn will be used to produce electricity.

The development of a LWBC (Low Weight Bottom Cycling) concept on Statfjord Cenables power generation of up to 10-12 MW. This achievement, in turn, will result in a reduction of up to 100k tons of CO2 emissions per year and will contribute significantly to Equinor's goal of reducing CO2 emissions by 50% by2030.

The project will be executed within the FLX contract, fully integrated withEquinor, and in collaboration with Techhouse, a supplier responsible for delivering the system design and processing equipment.

Nine Andresen, Vice President for Maintenance & Modification, remarks, "This contract award acknowledges the efforts of the organization that have been dedicated to refining the concept and FEED. Simultaneously, it reaffirms Equinor's confidence in our extensive experience, spanning from concept studies to execution, as well as our commitment to close collaboration with clients and partners from the early stages."

"This award holds strategic importance for us, aligning with our long-term strategy that places emphasis on sustainability and emission reduction. The contract reinforces our robust relationship with Equinor within the framework of the FLX contract and underscores our capability to seamlessly integrate Techouse, a leading technology company in this field," states Karsten Gudmundset, CEO of Moreld Apply.

Moreld Apply estimates the contract to be of significant value.

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