Oslo - November 29, 2022 - Floatel International Ltd ("Floatel") presents its
consolidated financial statements for the third quarter of the financial year
2022.

Highlights:
o	The third quarter fleet utilization was 73%. The total firm contract backlog
(excluding options) was approximately USD 110 million as of September 30, 2022.
o	New Contracts
o	The previously announced charter in Australia for Floatel Triumph with
Woodside was signed in the quarter. 
o	Vår Energi ("VE") awarded Floatel Superior a 3-month contract in Norway with
options thereafter. VE also has the right to utilise Floatel Superior in Norway
for 4-10 months in 2024.
o	Floatel Endurance and Floatel Superior on charter for Equinor at the Johan
Sverdrup and Grane fields in Norway during the entire quarter and were extended
to December 31, 2022, and March 31, 2023, respectively.
o	Floatel Triumph ended operations for Inpex in Australia during the quarter and
is currently on standby in Kemaman, Malaysia awaiting 2023 charters in Australia
including the suspended Shell Prelude contract.
o	Floatel Victory continued its charter for Equinor in Brazil to provide
Maintenance and Safety Unit (MSU) services. The contract has at the date of this
report been extended to February 26, 2023.

Management will host a conference call on November 30, 2022, at 15.00 CET to
present the results. Interested persons can register using the details provided
on the website www.floatel.no. A replay will be available for 21 days following
the presentation by using the link provided on the website after the conference
call.

For further information, please contact:
Peter Jacobsson, CEO
Tel: +47 46 50 01 33; Mob: +47 934 00 232
Tomas Hjelmstierna, CFO 
Tel: +47 46 50 01 33; Mob: +47 934 00 381


About Floatel: Floatel International owns and operates five semisubmersible
accommodation vessels, all vessels were delivered within the period 2010 to
2016. Floatel has two bond issuances listed on Oslo ABM with ticker code FLOAT04
and FLOAT05. For more information, please refer to http://www.floatel.no

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