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Regulatory press release

NTG: Hammertech's AquaField Multiphase Meters Pre-Qualified by Saudi Aramco

29.03.2023, 07.57
Nordic Technology Group
Bergen, Norway - Hammertech, a subsidiary of Nordic Technology Group (NTG), is
proud to announce that our AquaField multiphase meters have been pre-qualified
by Saudi Aramco through a blind-test of our meters performed by DnV GL in the
Netherlands. The blind-test is a rigorous evaluation of our meter's performance
without any pre-calibration or input from reference systems or data. We are
thrilled to report that the results achieved were excellent and within Saudi
Aramco's performance specification, making AquaField pre-qualified for Saudi
Aramco.
Andreas Haveland, Senior Product Specialist at Hammertech, expressed his
excitement for achieving this milestone, stating: "We are extremely proud of the
performance of our AquaField multiphase meters in the blind-test conducted by
DNV GL. The excellent results achieved are a testament to the quality and
accuracy of our technology, and we are thrilled to have been pre-qualified by
Saudi Aramco."
Saudi Aramco has also shared its positive feedback about the potential for this
technology. "We are excited to have Hammertech's AquaField multiphase water cut
meters pre-qualified and are looking forward to use this technology in our
operations," said Imed Benlizidia, Petroleum engineering Specialist from the
Production & Facilities Development Department in Saudi Aramco. "The accuracy
and reliability of the AquaField meters have the potential to significantly
enhance our production and operational efficiency, and we look forward to
exploring its capabilities further."
Kaare Lunde, CEO of Hammertech, emphasized the importance of being qualified
with Saudi Aramco, the world's largest Oil & Gas producer, stating, "Achieving
pre-qualification with Saudi Aramco represents a significant milestone for
Hammertech and a major breakthrough in the Middle East. We are excited about the
potential opportunities that lie ahead for our company and look forward to
continuing our work with Saudi Aramco."
About Hammertech AS: Hammertech AS, a subsidiary of Nordic Technology Group
(NTG), is a Norwegian technology company that provides innovative solutions for
multiphase flow metering. The company's products are used by operators in the
oil and gas industry to optimize production, increase efficiency, and reduce GHG
emissions. With a focus on innovation and customer service, Hammertech AS is
committed to delivering high-quality solutions that meet the evolving needs of
the energy industry.
For more information, please contact:

Group CEO Rune Rinnan
Chair Hammertech AS
Mob. +47 900 56 028
rune.rinnan@ntechgroup.no
www.ntechgroup.no

Kaare Lunde, CEO Hammertech AS
info@hammertech.com
www.hammertech.com
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