Company Disclosures

ODL – Aker BP exercises fourth year for Deepsea Nordkapp

Published 22.03.2021

Aker BP has exercised the second 12 month option for Deepsea Nordkapp under the
Contract entered into between the parties in April 2018. The second 12 month
option shall commence after expiry of the first optional period in June 2022.

The approximate contract value for the exercised optional scope is USD 109
million (excluding any integrated services). In addition, a performance bonus
will be applicable.

An additional scope based option period has been agreed which, if exercised
shall follow completion of the firm period and have a duration of up to 12

Simen Lieungh, CEO Odfjell Drilling AS, says: “We are very pleased to see Aker
BP’s continued commitment to the Alliance Agreement between the parties. The
Alliance has delivered exceptional performance on Deepsea Nordkapp and we see
this extension a recognition of those good results. With the addition of a
further option period we look forward to continuing the Alliance into the
future. ”

For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0)7796 547889

Aberdeen, United Kingdom
22 March 2021
Odfjell Drilling Ltd.

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