- Operating revenue of USD 175 million
- EBITDA of USD 56 million
- EBIT of USD 16 million
- Net loss of USD 7 million
Odfjell Drilling reports the following highlights in/after Q1 2018:
- USD 175 million Private Placement successfully completed
- Purchase of Deepsea Nordkapp and award of drilling contract by Aker BP
- Equinor awarded contract for Platform Drilling services
- Equinor awarded letter of intent to Deepsea Atlantic
Please see the attached report for the first quarter of 2018.
For further queries, please contact:
Eirik Knudsen, Vice President Corporate Finance & Investor Relations
+47 934 59 173 / firstname.lastname@example.org
25 May 2018
Odfjell Drilling Ltd.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Odfjell Drilling has today taken delivery of Deepsea Nordkapp from Samsung Heavy Industries in Korea.
Odfjell Drilling has today signed a Letter of Intent for Deepsea Bergen with MOL Norge for one exploration well in direct continuation of the contract with OMV Norge, estimated to expire in Q3/Q4 2019.
Odfjell Drilling has today 11. September 2018 signed a contract with Ithaca Energy (UK) Limited for one firm production well, plus optional wells with commencement in either 2019 or 2020 to be mutually agreed, on the UK Continental Shelf ("UKCS").
Reference is made to the stock exchange notice of 21 April 2017 whereby Odfjell Drilling announced a one-well contract plus two optional wells for its semi-submersible Deepsea Bergen with OMV (Norge) (“OMV”). The first well was finalized in April 2018 with a successful discovery as earlier reported by OMV.