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Odfjell Drilling Ltd : reports for the fourth quarter of 2016

28.02.2017

  • Operating revenue of USD 149 million
  • EBITDA of USD 78 million
  • EBIT of negative USD 48 million
  • Net loss of USD 75 million

Odfjell Drilling reports the following material events:

      -          Participation in Deepsea Metro I financial
             restructuring
      -          Continuing operations on the Brage platform
      -          Secured additional work for Deepsea Bergen
      -          USD 80 million in total impairment write-down of
            Deepsea Atlantic and Deepsea Stavanger
            
Please see the attached report for the fourth 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
28 February 2017
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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