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Odfjell Drilling Ltd : First call off under the alliance with Aker BP


Reference is made to the drilling and wells alliance with Aker BP announced on 21 November 2017.

Odfjell Drilling is pleased to inform that the first call-off under the alliance has been received today. The call-off covers a 12 months contract for Deepsea Stavanger and will start as soon as the unit returns to Norway after its contract with Total in South Africa, expected to be in Q2 2019.

The firm contract value is approximately USD 105 million excluding potential performance bonuses. 

For further queries, please contact:

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

Hamilton, Bermuda
21 December 2017
Odfjell Drilling Ltd.

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