Company Disclosures

New Contract Signed for Hercules, Offshore Canada

Published 14.08.2023

Odfjell Drilling Ltd. is pleased to note the announcement made by SFL
Corporation Ltd (“SFL”), which states that the Company, on behalf of SFL, has
agreed with a subsidiary of Equinor ASA a drilling contract in Canada, using the
Hercules rig.

The contract is for one well plus one optional well and is expected to commence
in Q2 2024. The duration of the firm contract period is approximately 200 days
including mobilisation and demobilisation to and from Canada. Odfjell Drilling
will manage the rig on behalf of SFL under the contract.

The contract will begin following completion of work with Galp Energia in
Namibia as per the announcement on 5 May 2023.


For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7393 766 446
London, United Kingdom
14 August 2023
Odfjell Drilling Ltd

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