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Odfjell Drilling Ltd : Deepsea Metro I - commenced operations in Vietnam


The drillship Deepsea Metro I has started drilling operations in Vietnam under its contract with VietGazprom.

The contract has a duration of approximately 20 weeks and an estimated contract value of USD 40 million. The area of operation is in blocks 130 and 131 offshore Vietnam. The contract also includes options for two well testing periods with an estimated duration of 90 days each.

The ultra deepwater drillship, Deepsea Metro I, is owned by Golden Close Maritime Corp. Ltd., a company owned by Deep Sea Metro Ltd., a joint venture between Metro Exploration (60%) and Odfjell Drilling (40%). Odfjell Drilling is the manager of the vessel.

For further information, please contact:

Media contact:
Gisle Johanson, SVP Communications
Mobile: +47 414 40 050

IR contact:
Lasse H. Johannesen, VP Corporate Finance & Investor Relations
Mobile: +47 995 06 908

Hamilton, Bermuda
10 August 2015
Odfjell Drilling Ltd.