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Odfjell Drilling Ltd: Results for the third quarter of 2014:

26.11.2014

Odfjell Drilling reports for the third quarter of 2014:

  • Operating revenue of USD 275 million
  • EBITDA of USD 84 million
  • Profit of USD 17 million
  • Earnings per share of USD 0.09

"The financial results for the third quarter of 2014 are reflecting the a continued soft market for engineering and well services in 2014, primarily in the North Sea region," says CEO Simen Lieungh.

Odfjell Drilling reports the following material events:

  • Share buy-back program initiated.
  • Well Services contract awards worth USD 250 million in estimated future revenues.
  • Yard delivery of Deepsea Aberdeen.

Please see the attached report for the third quarter of 2014.

For further queries, please contact:

Investor Relations:
Lasse H. Johannesen, Vice President Corporate Finance & Investor Relations
+47 995 06 908 / laj@odfjelldrilling.com

Media contact:
Gisle Johanson, SVP Communications
+47 414 40 050 / gijo@odfjelldrilling.com

Hamilton, Bermuda
26 November 2014
Odfjell Drilling Ltd.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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