Company Disclosures

New Contract Win for Deepsea Yantai

Published 05.01.2023

Odfjell Drilling Ltd (“Odfjell Drilling”) is pleased to announce that on behalf
of CIMC OFFSHORE AS, the Company has agreed a contract with PGNiG Upstream
Norway AS for the use of the drilling rig Deepsea Yantai.

The contract includes the drilling of one firm well, “Tomcat”, in PL 1055 in the
Norwegian Sea, with the option to drill two further wells in 2024. The firm
scope of work is estimated to take 55 days and will commence in Q2/Q3 2024.

As a result of the signing of this contract, the firm backlog for the Deepsea
Yantai is expected to now extend into Q3 2024.

For further queries, please contact:

James Crothers, Investor Relations Officer
+44(0)7393 766 446

London, United Kingdom
5 January 2023
Odfjell Drilling Ltd

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