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Odfjell Drilling Ltd : reports for the third quarter of 2016

23.11.2016

  • Operating revenue of USD 167 million
  • EBITDA of USD 89 million
  • EBIT of USD 47 million
  • Net profit of USD 21 million

Odfjell Drilling reports the following material events:

  • Completion of the refinancing of Deepsea Atlantic and Deepsea Stavanger on 28 September 2016.
  • Deepsea Stavanger completed the drilling contract with JX Nippon West of Shetland (UK) on 8 July 2016.
  • Five of the platform drilling contracts in the Statoil portfolio expired on 1 October 2016.

            
Please see the attached report for the third quarter of 2016.

For further queries, please contact:

Investor Relations:
Eirik Knudsen, Vice President Corporate Finance & Investor Relations
+47 934 59 173 / eikn@odfjelldrilling.com

Hamilton, Bermuda
23 November 2016
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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