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Recently, we celebrated 15 consecutive months without any injuries to our employees. This is an achievement we are proud of. It comes after great effort at all levels and because we have staff with extensive experience in the operations we perform. However, we cannot rest on our past good health, safety, and environment (HSE) results. We must remain vigilant, prioritize safety, and systematically develop our HSE efforts and competencies, as we do through the HSE Lighthouse program and the Industry School.

The first half of the year has been characterized by unusually large fluctuations in activity at Fjord Base. Production drilling in the fields we supply west of Florø, which has contributed to stable activity, has been reduced. Exploration drilling has therefore dominated our supply activity. By nature, exploration drilling is more unpredictable, and in the second quarter, we experienced the so-called ketchup effect, where all activity occurs at the same time. Yet, our employees rise to the challenge, and once again, we demonstrate our ability and willingness to deliver what our customers want!

Equinor recently renewed pipe contracts with Petroleum Service, Ramco, Parker Wellbore, and Tuboscope. This is very encouraging for everyone at Fjord Base, and we congratulate them on the recent contracts. Pipe handling is very important for Fjord Base, as many companies and employees are engaged in this value chain. The contracts, which can last up to nine years, will strengthen Fjord Base as the leading environment for pipe handling in the country, or OCTG as it is known in technical terms.

While oil and gas activity maintains a good level moving forward, we are preparing to become a future base for offshore wind. We are now planning quays and infrastructure for the assembly of offshore wind turbines at Naustholmen. For larger offshore wind projects, we are looking at how existing base areas can be utilized and collaborating with other bases. We are also assessing the need for land. The use of new land has received significant attention, particularly locally with the land-use planning work in the municipality. We face several dilemmas both nationally and locally, and the advantages and disadvantages of utilizing new land must be weighed against each other. We will contribute to highlighting these issues and provide politicians with the best possible foundation for decision-making. The investments we want to make in quays and infrastructure will have positive ripple effects for the Florø community. The assembly of offshore wind will strengthen and further develop the expertise that the Florø community already excels in nationally.

Our vision is to connect people and technology to build the future Fjord Base. Nearly two years ago, we launched Saga Connect, a solution for operational collaboration and logistics planning. Today, 45 companies and over 200 users utilize the solution daily. This has yielded results. Since its launch, we have reduced vessel turnaround time by 26%, waiting time by 30%, and achieved an annual CO2 reduction of nearly 300 tons. We are proud of this! In addition to direct economic savings, Saga Connect also helps reduce the risk of costly delays for vessels heading to Fjord Base. Good support schemes from the Coastal Administration and skilled employees in the Fjord Base Group have been crucial for developing Saga Connect. The latest news is the launch of the Marketplace, which will give vessels access to even more services from the Fjord Base environment through Saga Connect.

We are approaching 40 years of strong experience as a base and logistics company, but we remain innovative and adaptable to meet the needs of our customers and society.

The Fjord Base Group has undergone a reorganization. Activity remains as before, but with fewer companies and a simpler structure. The aim is to strengthen the expertise and collaboration within our group to provide even better deliveries to our existing and new customers. To further enhance our identity and profile as a supply base for both oil, gas, and renewables, we will launch a new logo and graphic profile. We will also have entirely new websites where both the surrounding community and customers can find good information about who we are and what services we can provide.