About Akastor ASA

Akastor ASA operates as an oil-services investment company worldwide. The company has a portfolio of companies in the oilfield services sector, in addition to real estate and other smaller-sized holdings. MHWirth MHWirth offers a range of drilling equipment, drilling riser solutions and related products and services for the drilling market, primarily the offshore sector. MHWirth has activity on 5 continents with presence in 14 countries. The company’s business is divided to three core areas, such as large projects, drilling equipment and drilling lifecycle services. MH Wirth is a supplier of drilling systems and drilling lifecycle services globally. Akofs Offshore AKOFS Offshore is a global provider of vessel based subsea well construction and intervention services to the oil and gas industry. The company has a competent and diverse organization, covering all phases of the value chain from conceptual development to project execution and offshore operations. AKOFS Offshore operates three specialized offshore vessels, Skandi Santos, Aker Wayfarer and AKOFS Seafarer. KOP Surface Products KOP Surface Products offers a range of products for offshore and land-based surface production, including surface wellheads, Xmas trees, valves and actuators. KOP Surface Products is a global supplier of flow control equipment to the oil and gas industry. The main products are valves, wellheads and trees for offshore and land-based surface production. The company provides engineering, manufacturing, installation and life-of-field support services. Frontica Business Solutions Frontica Business Solutions provides corporate services to companies in the oil services industry. Frontica Business Solutions has operations in 7 countries and delivery in 25 countries around the world. The company consists of three distinct business segments; recruitment and staffing, IT services and consultancy, and payroll and additional support services. Fjords Processing Fjords Processing provides wellstream processing technology, equipment and expertise to the oil and gas industry. The company delivers complete processing systems for both onshore and offshore installations. Fjords Processing delivers solutions across all oil, gas and water treatment segments. The company delivers solutions for separation of oil and gas. Real Estate and Other Holdings Real Estate and other holdings include a portfolio of eight real estate assets, all in Norway, 100 percent ownership of First Geo, 76 percent shareholding in STEP Oiltools, 50 percent stake in DOF Deepwater and 7.4 percent shareholding in Ezra. Akastor Real Estate owns eight properties in Norway. The company has a subletting portfolio and a few development projects. The other holdings are a 76 percent stake in the drilling waste products and services company Step Oiltools, 50 percent of DOF Deepwater, a 7.4 percent stake in Singapore-based offshore support solutions provider Ezra Holdings, the geological services firm First Geo, and investments in Aker Pension Fund Company and Aker Insurance Company. DOF Deepwater is a joint venture with DOF ASA, which owns and operates five anchor handling tug supply (AHTS) vessels – all on charter contracts. History Akastor ASA was founded in 1841.