Statoil: Equinor ASA: Buy-back of shares to share programmes for employees

Sandnes, Norway, 11 December 2025 - Vår Energi ASA (OSE: VAR, "the Company")andpartners have sanctioned the first tie-in development to extend plateauproduction from the Johan Castberg field in the Barents Sea towards 2030.

The Johan Castberg licence, operated by Equinor, has made a final investmentdecision for the Johan Castberg Isflak Development. The partnership is alsoplanning six new Increased Oil Recovery (IOR) wells and a development of theDrivis Tubåen discovery. The projects add  total reserves of 27 millionbarrelsof oil equivalent (mmboe) net Vår Energi, and demonstrate strong breakevenpriceand return on investment.

The Isflak development is expected to start production in the fourth quarter2028 and consist of two wells and a subsea template, which will be connectedtothe existing subsea infrastructure in the Johan Castberg field.

Vår Energi COO Torger Rød said:

"The projects underline the Barents Sea's potential and marks an importantstepin Vår Energi's plan to sustain production of 350 to 400 thousand barrels ofoilequivalent per day (kboepd) towards 2030 and beyond. The development leveragesexisting infrastructure to secure Johan Castberg plateau production for yearstocome, strengthening our position in the region and reaffirming our long-termcommitment to value creation".

The Johan Castberg field started up in March 2025 and reached plateauproductionin June. With a 30% equity share Vår Energi now produces 66 kboepd net fromthefield, which corresponds to around 15% of the Company's current production.Theoperating costs of Johan Castberg is below USD 3 per boe.

With multiple discoveries and prospects that can be developed to maximiseproduction over time, the area offers large potential. The plan is to drilloneto two exploration targets each year, with four identified prospects alreadylined up for 2026 and 2027.

The Johan Castberg area holds a substantial resource potential, and thelicenceis targeting to unlock more than one billion barrels over the asset'slifetime,with opportunities to sustain plateau production towards 2030.

Partners in the Johan Castberg licence (PL532): Equinor (operator and 46.3%),Vår Energi (30%) and Petoro (23.7%).

Contact

Investor relationsIda Marie Fjellheim, VP Investor Relations+47 905 09 291ida.fjellheim@varenergi.no

MediaLiv Jannie Omdal, VP Communications+47 97667137liv.omdal@varenergi.no?? (liv.omdal@varenergi.no%E2%80%AF%E2%80%AF)

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on theNorwegian Continental Shelf (NCS). To learn more, please visitvarenergi.no (https://varenergi.no/no/)

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By Dominic Chopping

Equinor made two new discoveries of gas and condensate in the North Sea, the Norwegian energy major's largest discoveries so far this year.

Initial estimates indicate the reservoirs could contain 30 million to 110 million barrels of recoverable oil equivalent, the company said Friday.

"This demonstrates the importance of maintaining exploration activity on the Norwegian continental shelf," said Kjetil Hove, executive vice president for exploration and production Norway at Equinor.

"There are still significant energy resources on the shelf, and Europe needs stable oil and gas deliveries."

The discoveries were made at the Lofn and Langemann wells in an area of fields west of Norway known as Sleipner, and they can be developed for the European market through existing infrastructure.

Hove said the Sleipner area is an important hub for Norwegian gas exports to Europe, with the discoveries strengthening Equinor's optimism for further exploration in the area.

"Together with our partners, we are committed to drill five additional exploration wells going forward. Adding new volumes is essential to maintain export capacity and value creation from the area," he added.

Equinor has a 60% stake in the production license and Aker BP has 40%.

Write to Dominic Chopping at dominic.chopping@wsj.com

Sandnes, Norway, 4 December 2025: Vår Energi (OSE: VAR, the Company) confirmsanoil discovery in the Goliat North exploration well, located close to the VårEnergi operated Goliat field in the Barents Sea.

The exploration well located five kilometres north of the Goliat fieldencountered hydrocarbons in the Realgrunnen and Kobbe formations. Estimatedgross recoverable resources encountered are up to 5 million barrels of oilequivalent (mmboe).

The Goliat North well forms an integral part of the Goliat Ridge appraisaldrilling programme. Vår Energi and partner Equinor will drill a total of fourwells in the Goliat Ridge, with the Zagato side track currently ongoing.Following completion of the appraisal programme the Company will assess theentire potential of Goliat Ridge utilising the extensive data acquisitioncombined with the newly acquired 3D seismic data.

Including the latest discovery, the Goliat Ridge is estimated to contain grossdiscovered resources of 39 to 108 mmboe and with additional prospectiveresources taking the total gross potential to up to 200 mmboe. A tie-back oftheGoliat Ridge discoveries to the nearby Goliat FPSO is being planned.

The partners in the licence are Vår Energi (operator, 65 %) and Equinor (35%).

Contact

Investor relationsIda Marie Fjellheim, VP Investor Relations+47 905 09 291ida.fjellheim@varenergi.no

MediaLiv Jannie Omdal, VP Communications+47 976 67 137liv.omdal@varenergi.no?? (liv.omdal@varenergi.no%E2%80%AF%E2%80%AF)

About Vår Energi

Vår Energi is a leading independent upstream oil and gas company on theNorwegian continental shelf (NCS). To learn more, please visitvarenergi.no (https://varenergi.no/no/)

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Oslo November 26, 2025

Floatel International Ltd ("Floatel") presents its consolidated financialstatements for the third quarter 2025. HIGHLIGHTS:

All units on charter during the entire quarter with 100% utilisation comparedwith 97% last year, excluding Floatel Reliance.

The orderbook excluding options and letters of intent was approximately USD324million as of September 30, 2025.

Revenues were USD 83.1 million in the quarter and USD 174.6 million year todate. Recurring EBITDA was USD 44.3 million in the quarter and USD 74.6 million yearto date.

CONTRACTS UPDATE:

- Floatel Triumph has been awarded a contract offshore Australia forapproximately 35 days, and the expected commencement date is the fourthquarter2026.

- Floatel Victory has been awarded a 4-6-month Maintenance and Safety Unit(MSU)assignment for Karoon Energy offshore Brazil. Scheduled commencement is early2026.

- Floatel Endurance has been awarded a contract with Aker BP to provideservicesto the Alvheim FPSO on the Norwegian Continental Shelf. The 9-month assignment(plus options) commences spring 2029.

- Floatel Victory has secured a Letter of Intent to provide MSU servicesoffshore Brazil in 2026, and the assignment is for 6-7 months commencingaroundend Q3 2026. OPERATIONS UPDATE:

- Floatel Endurance on hire for Cenovus Energy at the White Rose field inCanada, the assignment ends December 21, 2025.

- Floatel Superior completed the Equinor Åsgard assignment October 31, 2025,andis idle in Skipavika in Norway awaiting the next charter starting spring 2026.

- Floatel Triumph on assignment in Australia for Inpex Ichthys, Inpex hasexercised remaining options, extending the contract through to January 4,2026.

- Floatel Victory is in operation in Brazil providing maintenance and safetyunit support for PRIO at the Peregrino field and the assignment endsmid-January2026.

Management will host a conference call later today, at 15.00 CET, to presenttheresults. Interested persons can register using the details provided on thewebsite https://floatel.no/investors.________________________________________________________________________

For further information, please contact:Peter Jacobsson, CEO, +47 934 00 232Tomas Hjelmstierna, CFO, +47 934 00 381Tel: +47 46 50 01 33Email: ir@floatel.no

This information is subject to disclosure requirements pursuant to Section5-12of the Norwegian Securities Trading Act.________________________________________________________________________

ABOUT FLOATEL INTERNATIONALFloatel International Ltd was founded in 2006 to meet the growing demand fornext-generation offshore accommodation vessels. The Company's vision is to ownand operate a modern, safe, and reliable flotel fleet. Since 2021, theCompany'sprincipal place of business has been in Norway.

The Floatel Group operates a fleet of four semisubmersible accommodation unitsdelivered between 2010 and 2016. Floatel Endurance and Floatel Superior areapproved for operations on the Norwegian continental-shelf. The entire fleetisapproved for operations in the UK and elsewhere in the world.

The Group employs approximately 450 personnel globally, including offshorestaff.

All flotels are equipped with dynamic positioning systems and comply with thelatest health, safety, and environmental standards, ensuring quality andcomfortfor onboard personnel. Accommodation capacity ranges from 440 to 560 beds.Eachflotel includes large deck areas, workshops, and crane support, enabling themtohandle complex offshore hook-up projects as well as maintenance andmodifications of existing offshore installations.

The Company's senior secured bonds are listed on Oslo Børs under the tickercodeFLOAT07.

For more information, visit: https://floatel.no.

https://newsweb.oslobors.no/message/660577

Veidekke has been engaged by Equinor Energy to build a new water treatmentplantat the Sture oil terminal in Øygarden, just outside Bergen. The constructioncontract is valued at approximately NOK 200 million, excluding VAT.

"Being involved in developing the project through close collaboration from thevery start, is something we truly value and find exciting. We are thereforeverypleased to have signed this contract based on the same collaborativeprinciplesthat guided the project's development," says Thor Småbrekke, District ManageratVeidekke Bygg Bergen.

The new water treatment facility has been developed as a joint collaborativeeffort with Equinor as the client and several parallel partners. Veidekke'sscope includes constructing a concrete building for the treatment plant withcast water tanks and technical installations, as well as ground and sitepreparation.

Construction work is already underway, with completion scheduled for autumn2027.The contract will be included in Veidekke's order backlog for the fourthquarterof 2025.

For further information, please contact:

District Manager Thor Småbrekke, Veidekke Bygg Bergen, tel. +47 93 43 06 60,thor.smaabrekke@veidekke.no (are.westbye@veidekke.no)

Communications Manager Helge Dieset, Veidekke, tel. +47 90 55 33 22,helge.dieset@veidekke.no

Veidekke's press photos (https://veidekke.fotoware.cloud/fotoweb/archives/5028-Pressebilder-Veidekke/)Subscribe to notices fromVeidekke (http://veidekke.com/no/borsmeldinger/abonner-pa-meldinger/)Veidekke (http://www.veidekke.com/) is one of Scandinavia's largestcontractors.In addition to undertaking all types of building and civil engineeringassignments, the group also maintains roads and produces asphalt andaggregates.Veidekke emphasises stakeholder involvement and local experience. Its annualturnover is approximately NOK 41 billion, and half of its 8,000 employees ownshares in the company. Veidekke is listed on the Oslo Stock Exchange and hasposted a profit every year since its inception in 1936.

https://newsweb.oslobors.no/message/660529

Knowit has entered into a new three-year agreement with Equinor for the further development and operation of the company’s platform for Distributed Fiber Optic Sensing (DFOS). The agreement marks an important milestone in the collaboration between the companies and will lay the foundation for broader use of DFOS technology across Equinor’s portfolio.

Distributed Fiber Optic Sensing (DFOS), often referred to as DAS and DTS, makes it possible to monitor and analyze activity along pipelines, cables, and wells in real time. The technology provides valuable insights into the behavior of energy and infrastructure systems, thereby contributing to increased safety, improved resource utilization, and reduced emissions.

Under the agreement, Knowit will provide software development, system integration, and technological advisory services to further develop and scale the DFOS platform. The goal is to make the technology more accessible and applicable at scale, enabling Equinor to extract even more value from sensor-generated field data.

– This project represents a unique combination of IT, physics, and real-time analytics – an area in which Knowit has built solid expertise over time. We are proud to continue our collaboration with Equinor and contribute to the development of technology that can enhance both safety and sustainability in the energy sector, says Espen Tjønneland, Managing Director at Knowit Stavanger.

A Collaboration for Technological Development and Innovation

The new agreement continues and expands the collaboration that began with Equinor’s Fibra project, which set a new standard for how fiber optic sensing can be used to understand subsurface activity and industrial infrastructure.

– Equinor is a pioneer in the use of sensor technology and data analytics to optimize operations and reduce risk. Being entrusted again to support the further development of the DFOS platform is a strong recognition of our cross-disciplinary competence. The project strengthens Knowit’s role as a technology partner for the energy and infrastructure sectors, says Amund Brandsrud, CEO of Knowit Solutions Norway.