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Odfjell Drilling Ltd : Odfjell Drilling and William Jacob Management Form an Alliance


Houston, TX - October 16, 2014 - Odfjell Drilling and William Jacob Management (WJM) announced today the signing of a cooperation agreement under which the companies will mutually deliver engineering services of offshore drilling facilities to the global energy market. The services will include conceptual and front end engineering and design (FEED) studies, project planning, procurement, commissioning / startup, construction management and maintenance.

The strategic partnership leverages Odfjell Drilling's world-class drilling expertise in fixed and mobile offshore drilling units (MODU), including an impressive 6th generation fleet, with WJM's proven execution of high stakes capital projects, such as Peregrino, Polvo, Azurite, Berkut and the breakthrough modular offshore rig facility (MORF). The sum of their efforts will target clients in need of new build drilling facilities or maintenance to an aging fleet.

Under the agreement, WJM will also provide engineering and project management services to complement and strengthen the execution teams of Odfjell Drilling's projects globally.

The alliance will secure a unique combination of technical proficiency and operational capabilities sustaining a strong focus on innovative technical solutions that will improve operating results for customers. Ultimately, this alliance will provide an extended footprint for both firms, which have a market presence in major hubs throughout the oil and gas industry. This will, in turn, improve proximity to customers and enable diversity in locations for our engineering and project teams.

About Odfjell Drilling

Odfjell Drilling is an integrated drilling and well service provider with more than 40 years of experience with offshore drilling in harsh environments around the world. The company, listed on Oslo Stock Exchange, operates in more than 20 countries and operates a fleet of six ultra- deepwater and harsh environment drilling units. With 3,000+ employees, the company offers expertise in engineering and well services, as well as, project management and integrated platform drilling services.

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Odfjell Drilling Contact:       Gisle Johanson, SVP Communications
Corporate Communications
                                                Tel: +47 414 40 050
Sandslimarka 63 P.O. Box 33 Kokstad
NO-5863 Bergen Norway

About William Jacob Management

Headquartered in Houston, Texas, William Jacob Management, Inc. is an independently owned, engineering and project management services firm. WJM provides full lifecycle support for some of the most demanding and complex capital projects in the energy industry, and is recognized for its elite proficiency in interfacing drilling and production facilities. With a multinational workforce and over 375 collective years of executive experience, William Jacob Management offers comprehensive capabilities and world-class expertise in:  Engineering, Project Management, Procurement, Construction, Commissioning / Startup, Operations, Maintenance and Regulatory Compliance.


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SOURCE William Jacob Management, Inc.

WJM Contact:           Cynthia M. Bowen, Marketing Manager
                                     Tel: 281.497.8617  |