Odfjell Drilling Ltd. is pleased to announce the signing of a Letter of Intent
(“LOI”) with an undisclosed client for use of the Deepsea Aberdeen.
The work included in the LOI will begin in late 2026 ; in direct continuation of
the unit’s current contract and will increase Deepsea Aberdeen’s firm backlog
until Q2 2029. The LOI is contingent on customary subjects.
Kjetil Gjersdal, Chief Executive Officer of Odfjell Drilling AS commented:
“At Odfjell Drilling, one of our main priorities is to maintain strong,
continuous backlog coverage on our units. This eliminates cash flow risk and
allows us to invest in our rigs, invest in our people and invest in our
relationships with our clients whilst maintaining significant cash flow
visibility.
“We are delighted to have agreed this LOI for use of the Deepsea Aberdeen. The
Deepsea Aberdeen is rightly known as one of the best harsh environment units in
the world and with this backlog, we look forward to continuing to build upon
this legacy.”
For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7495 067 684
jchu@odfjelldrilling.com
London, United Kingdom
16 November 2025
Odfjell Drilling Ltd
This information is published in accordance with the requirements of the Oslo
Børs Rule Book II section 4.2.4 (1) no. 3 and is subject to the disclosure
requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.