Neodrill AS
post@neodrill.com

+47 51 94 59 00

Kanalsletta 4
4033 Stavanger
Norway

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Company statement as Equinor appeal Oslo tingrett verdict

12 October 2018

We are disappointed, but not surprised, that Equinor are appealing the Oslo tingrett verdict, despite the fact that it was a clear verdict made by a very competent judging panel.

Since the Oslo tingrett verdict upheld the validity of Neodrill’s patents, Equinor have paid a license to Neodrill for use of the Cap-X foundations in the planned Bauge project, due to be installed in 2019.

 

We are very confident that the verdict from Oslo tingrett will be maintained in Borgating lagmannsrett.

 

Equinor continues to hold shares in Neodrill, having been the second largest owner of Neodrill since 2010.