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Odfjell Drilling Ltd : - Awarded contract for platform drilling services on the Brage platform for Wintershall


Wintershall Norge AS has awarded Odfjell Drilling a contract for platform drilling services on the Brage platform located on the Norwegian Continental Shelf. The firm contract is for 4 years and has an estimated contract value in the range of USD 50-70 million subject to operational activity during the contract duration. The contract additionally contains 2+2 year options.

Odfjell Drilling is currently under contract to perform platform drilling services on the same unit. However, no wells have been drilled in 2016. The new contract comes into effect at 1 January 2017.
- We appreciate the trust Wintershall and its partners show us to continue the platform drilling services on the Brage platform. This contract underlines Odfjell Drilling's abilities to perform safe and quality operations for our customers and I can assure that we will demonstrate the company's firm commitment to a successful future drilling on Brage, says CEO Simen Lieungh.

For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173

Hamilton, Bermuda
13 December 2016
Odfjell Drilling Ltd.

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