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16.01.2018

Odfjell Well Services has signed a contract with Kuwait Oil Company (KOC)


Odfjell Well Services has signed a contract with Kuwait Oil Company (KOC) to provide tubular running services, downhole drilling tools, drillpipe, pressure control and wellbore clean up equipment for all KOC drilling and workover operations.

Odfjell Well Services is one of three successful bidders selected to provide these services both onshore and offshore. Currently there are over 120 rigs working onshore in Kuwait, however this is expected to increase significantly during 2018.

The firm duration of the contract is 5 years, based on call off services and is expected to commence in January 2018.

George Taggart, EVP Odfjell Well Services says; “This is an extremely important contract for Odfjell Well Services and builds upon our strategy to grow in new geographical markets. Kuwait is currently one of the largest growing markets in the world and this contract assures our position as one of the leading service companies in the region for many years to come.” 

For further queries, please contact:

Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173
eikn@odfjelldrilling.com

Hamilton, Bermuda
16 January 2018
Odfjell Drilling Ltd.