Soiltech

What Soiltech does

Soiltech ASA is a Norwegian cleantech service provider that designs, builds, owns, and operates proprietary mechanical and chemical technologies for the on-site treatment, recycling, and sustainable handling of contaminated water and solid industrial waste generated by oil and gas drilling operations. Founded in 2011 in Sandnes, Norway, and listed on Euronext Oslo Børs under the ticker STECH (uplisted April 30, 2026 following a 2024 reverse merger with Oceanteam ASA), the company serves drilling contractors and international oil companies across offshore and onshore operations in Norway, the UK, the Netherlands, UAE, Saudi Arabia, Mexico, Lebanon, Cyprus, and Romania.

The core product portfolio centers on the STT® (Slop Treatment Technology) platform, which mechanically treats slop water and recovers oil, water, and solids at an average 5 ppm oil content and up to 95% waste reduction; the CTT® (Cuttings Treatment Technology), a patented non-thermal mechanical process for Oil Based Mud and Water Based Mud drill cuttings; the ST-SRS™ Swarf Removal System for steel-fragment extraction from well flow; and SmartTransfer™, an integrated cuttings handling and transfer system. The 2022 acquisition of Sorbwater Technology AS added Sorbfloc®, a patented fully biodegradable hydrocolloid flocculant that extends the company's reach into aquaculture, municipal, and industrial water treatment. Supporting equipment — ST-510 blower, ST-CS skip working station, ST-MDT multi discharge tank, and ST-RC remote-operated robot cleaner — completes an integrated service stack.

Soiltech operates a direct enterprise field-sales model, deploying owned equipment and trained personnel to customer sites under multi-year frame agreements and project-based contracts. Revenue is generated predominantly through professional services — fluid treatment, cuttings handling and treatment, swarf removal, and tank/pit cleaning — with supplementary product sales of Sorbfloc® chemicals. Contract sizes are tiered by the company as Sizable (MNOK 5–10), Substantial (MNOK 10–20), and Large (above MNOK 20), with individual projects ranging from approximately $535,000 to multi-million-dollar engagements such as the OMV Petrom Neptun Deep contract (USD 10 million for 18 months) and the Northern Ocean Deepsea Bollsta contract (over NOK 100 million annually). FY2025 revenue reached NOK 401 million (up 46% year-over-year) with a 24% adjusted EBITDA margin.

Name

Soiltech

Legal name

Soiltech ASA

Website

https://soiltech.no

Company type

Public

Founded year

2011

Operating status

Operating

Headcount range

101–250 employees

Short description

Soiltech ASA is a Norwegian cleantech company that designs, owns and operates proprietary on-site technologies to treat, recycle, and sustainably handle contaminated water and drill cuttings for oil and gas operators across 9+ countries.

Ownership category

akta.pro rank

Product category

Drilling Waste Management Services

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Soil Remediation (Excavation, Stabilization/Solidification, Thermal Desorption) (EUAIALAC)

akta.pro secondary industries

Ex-Situ Treatment & Soil Washing / Stabilization (BPALAKAE), Oil & Gas Water Treatment & Production Chemicals (IMAEAJAI)

Keywords

• Drilling waste management
• Slop treatment services
• Cuttings handling systems
• Produced water treatment
• Biodegradable water chemicals

Headquarters

HQ city

Sandnes

HQ country

Norway

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Fluid Treatment Services: On-site treatment of contaminated water (slop, produced water, brine) using proprietary STT technology. Revenue is generated through service contracts with drilling operators, typically priced per project or day-rate basis. Treated oil and water may be reused in the drilling process.
2. Cuttings Handling and Treatment Services: Handling, treatment and transfer of drill cuttings using CTT and skip & ship systems. Services include bulk handling to rig, boat, and onshore. Revenue generated through service contracts, often structured as sizable, substantial, or large contract tiers.
3. Swarf Treatment Services: On-site swarf removal using the ST-SRS to treat fluid contaminated with steel particles, enabling fluid reuse. Revenue from service contracts with operators.
4. Cleaning Services: Tank and pit cleaning services using remote operated robots, combined with slop treatment for on-site discharge. Revenue from service contracts.
5. Biodegradable Chemical Sales (Sorbfloc®): Sale of the patented Sorbfloc® biodegradable flocculant chemical for produced water treatment, aquaculture, municipal wastewater and other industries. Complemented by hardware integration or standalone chemical supply.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Soiltech designs, builds, owns and operates proprietary cleantech technologies for the treatment, recycling and sustainable handling of contaminated water (slop, produced water, brine) and solid industrial waste (drill cuttings, swarf) generated during oil and gas drilling operations. Services are delivered on-site at customer rigs globally, complemented by sales of its patented Sorbfloc biodegradable flocculant chemical.

Product overview

Soiltech offers an integrated portfolio of proprietary cleantech technologies for the treatment, recycling, and sustainable handling of contaminated water and solid industrial waste in the oil and gas industry. The core offerings include the STT® (Slop Treatment Technology) platform for treating slop water and recovering oil and water, the CTT® (Cuttings Treatment Technology) for drill cuttings, the Swarf Removal System (SRS) for steel particle removal, and the biodegradable chemical Sorbfloc® for water treatment. These technologies are complemented by a suite of supporting equipment including the ST-510 blower, ST-CS skip working station, ST-MDT Multi Discharge Tank, and ST-RC Remote Operated Robot Cleaner. The SmartTransfer™ system integrates cuttings handling and transfer. Soiltech designs, builds, owns and operates these technologies providing services in close cooperation with customers on their sites.

Differentiator

Problem solved

Functional benefit

Products and services

• Slop Treatment Technology (STT®) Mechanical on-site treatment service for slop water that recovers water, oil and solids, reducing waste volumes by up to 95% and producing treated water with average 5 ppm oil content suitable for reuse in the drilling process. Delivered to drilling operators on offshore rigs.
• Cuttings Treatment Technology (CTT®) Patented non-thermal mechanical treatment service for Oil Based Mud (OBM) and Water Based Mud (WBM) drill cuttings. The process has no ignition sources and lower energy consumption than thermal solutions, with treated cuttings suitable for reuse in cement production or road fills.
• Swarf Removal System (ST-SRS™) Mechanical service for removing steel fragments (swarf) from well flow during milling operations, enabling re-use of drilling fluids. Features an automated magnetic cycle and pump rate, dual pump setup with level sensors, and advanced monitoring tied into the rig's volume control system.
• Sorbfloc® Biodegradable Flocculant Patented fully biodegradable water treatment chemical (hydrocolloid-based flocculant) sold for produced water treatment in oil and gas, aquaculture, municipal wastewater, and other industries. Captures even the smallest particles of oil, fat and solids and enables re-use or discharge of water free from pollution, microplastics and environmental toxins.
• SmartTransfer™ Cuttings Handling System Solid waste containment and transfer service for drill cuttings, including cuttings transfer tanks installed on platform supply vessels (PSV) and tailored containment/transfer solutions adapted to each rig's specific needs.
• STT Purifier Water Treatment Water treatment service that reduces total hardness, chlorides, total dissolved solids, and content of heavy metals (arsenic, barium, cadmium, chromium, lead, mercury, selenium, silver) in contaminated water, preserving groundwater and purifying water for irrigation, wash and showers.
• Remote Operated Robot Cleaning (ST-RC) Tank and pit cleaning service using remote operated robots, combined with slop treatment for on-site discharge in compliance with discharge regulations. Reduces backload to shore.

Quantifiable outcome

• Up to 95% waste reduction through on-site STT treatment, with treated water achieving average 5 ppm oil content
• +4 more outcomes

Named customers19 records

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

16 partnerships are on record, tiered core, flagship, major and standard.

• Estedama Environmental Solutions CocoreChannel Partner/ Reseller/ Distributor · 11 February 2026Soiltech was awarded a contract with Estedama Environmental Solutions Co to deliver fluid treatment services (STT®) in Saudi Arabia. Estedama is the leading Saudi company specializing in treatment, recycling, and sustainable management of drilling and industrial waste, with over 10 years of experience in the Saudi market. As Soiltech's partner in Saudi Arabia, Estedama delivers innovative, compliant, and sustainable waste management solutions across the Kingdom. Operations commenced in Q2 2026.
• Wellbore Integrity SolutionscoreChannel Partner/ Reseller/ Distributor · 19 January 2026Wellbore Integrity Solutions in Dubai awarded Soiltech a three-year contract (with extension options) to deliver Swarf Removal System (ST-SRS™) services for offshore milling operations in the Middle East region. The contract is expected to represent a substantial value for Soiltech over the initial period.
• NOV (National Oilwell Varco)coreStrategic or Co-development Partner · 6 November 2025NOV and Soiltech entered into a Memorandum of Understanding (MoU) to collaborate globally on a non-exclusive basis on selected projects within drilling waste management. The collaboration aims to combine NOV's and Soiltech's waste management technologies to deliver tailor-made solutions for customers. NOV brings complementary technologies and extensive presence in international markets to support Soiltech's international expansion.
• EquinorflagshipChannel Partner/ Reseller/ Distributor · 15 October 2024Long-term frame contract for offshore waste management services. Equinor extended the frame contract until May 31, 2028, with three additional two-year extension options. Soiltech provides its full technology portfolio focused on efficiency improvements, waste reduction, recovery and reuse. Equinor represents one of Soiltech's largest and most strategic customers in the Norwegian market.
• Abu Dhabi National Oil Company (ADNOC)coreChannel Partner/ Reseller/ Distributor · 10 August 2022ADNOC contracted a second STT unit from Soiltech for treatment of contaminated water (slop) and brine offshore Abu Dhabi. ADNOC has been a long-standing customer, expanding operations with Soiltech over multiple years. The ADNOC relationship has also included a joint project for recovery and reuse of brine offshore Abu Dhabi.
• Wintershall DeacoreStrategic or Co-development Partner · 11 November 2021Wintershall Dea joined forces with Soiltech as both client and investor, with a goal to reduce waste volumes in the oil and gas industry worldwide. The partnership supports Soiltech's international scale-up, combining operational collaboration with investment.
• Odfjell DrillingcoreChannel Partner/ Reseller/ DistributorSoiltech has been awarded multiple contracts with Odfjell Drilling to treat contaminated water onboard the harsh environment drilling rigs Deepsea Yantai and Deepsea Bollsta. The Deepsea Yantai project involves multiple counterparties including DNO, Wellesley Petroleum, and Well Expertise.
• TransoceancoreChannel Partner/ Reseller/ DistributorSoiltech has won multiple contracts with Transocean for the treatment of drilling waste on Transocean semisubmersible rigs. Most recently awarded a large+ contract for solid waste management on the Transocean Norge rig on the Norwegian Continental Shelf, expected to commence Q1 2027.
• Maersk DrillingmajorChannel Partner/ Reseller/ DistributorSoiltech signed a contract with Maersk Drilling for treating contaminated water (offshore slop services) on Maersk Resolute, with estimated duration of 575 days plus options. Supports TotalEnergies and Petrogas projects in UK and Dutch sectors. A long-standing and growing relationship.
• Noble CorporationmajorChannel Partner/ Reseller/ DistributorSoiltech awarded contract with Noble Corporation for fluid treatment and solid waste management on the jack-up drilling rig Noble Resolute, commencing Q4 2025 with 109 days firm plus extensions up to 12 months.
• TotalEnergiesmajorChannel Partner/ Reseller/ DistributorFluid treatment and waste management services on TotalEnergies-operated assets including jack-up drilling rig West Elara on the Norwegian Continental Shelf. Contract commenced Q1 2026, estimated 4–5 months.
• OMV Petrom S.A.flagshipChannel Partner/ Reseller/ DistributorSoiltech ASA and Soiltech Romania SRL awarded contract by OMV Petrom S.A. for cuttings containment and transfer equipment and services to the Neptun Deep project (largest natural gas project in the Romanian Black Sea). Services performed on the Transocean Barents, 5-year agreement with initial estimated value of USD 10 million for 18 months.
• Well Expertise ASmajorChannel Partner/ Reseller/ Distributor5-year frame agreement for drilling waste management on the Norwegian Continental Shelf. Well Expertise AS is also a counterparty in the Deepsea Yantai project.
• Ithaca Energy (UK) LimitedmajorChannel Partner/ Reseller/ DistributorThree-year frame agreement for the provision of offshore slop processing services on the UK Continental Shelf.
• DNOmajorChannel Partner/ Reseller/ DistributorCounterparty for fluid treatment and services on the Deepsea Yantai semisubmersible rig on the Norwegian Continental Shelf.
• Neptune Energy UKstandardChannel Partner/ Reseller/ DistributorSoiltech's first contract on a Neptune Energy project — treatment of contaminated water on the Valaris JU 248 drilling rig. Sixth contract in the UK market.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=q3AqfOZ9LlU
• LinkedInlinkedin.com/company/soiltechas/?originalSubdomain=no

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Soiltech