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Statoil exercises first option in Deepsea Bergen’s drilling contract

Reference is made to the stock exchange notice from 31 May 2017 whereby Statoil awarded Deepsea Bergen a new drilling contract. The contract originally included one firm well plus 4 x 3 optional wells.

Odfjell Drilling is pleased to inform that Statoil today has exercised the first of four options. The option is adjusted to two firm wells with an estimated duration of 75 days.  The estimated start-up of the contract is Q1/Q2 2018 in direct continuation with the OMV drilling program. The contract value is as previously notified.


For further queries, please contact:
Eirik Knudsen, VP Corporate Finance & Investor Relations
+47 934 59 173


Hamilton, Bermuda
20 December 2017
Odfjell Drilling Ltd.