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Odfjell Drilling Ltd : Deepsea Bergen signs a contract for one well with Wellesley Petroleum AS


Reference is made to the stock exchange notice of 3 April 2017 whereby Odfjell Drilling announced a letter of intent for its semi-submersible Deepsea Bergen.

Odfjell Drilling has on 9 June 2017 signed a contract with Wellesley Petroleum AS for one firm exploration well, plus an optional well testing and sidetrack, on the Norwegian Continental Shelf ("NCS"). The contract commencement is scheduled to Q3/Q4 2017 and will be followed by a contract on Norwegian Continental Shelf with OMV Norge for a one firm "high pressure high temperature" well ("HPHT-well") plus options for two wells as earlier announced.

Deepsea Bergen is now working for Faroe before the rig will recommence the Statoil contract and complete the remaining drilling program of one well at contract day rate.

For further queries, please contact:

Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173

Hamilton, Bermuda
9 June 2017
Odfjell Drilling Ltd.

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