Company Disclosures

ODL – Aker BP exercises the first 12 month option for Deepsea Nordkapp

Published 18.12.2019

Aker BP has today exercised the first 12 month option for Deepsea Nordkapp under
the Contract entered into between the parties in April 2018. The first 12 month
option shall commence after expiry of the two year firm period in May 2021.

The approximate contract value for the firm scope is USD 128 million (excluding
any integrated services). In addition, a performance bonus will be applicable.

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 and
Odfjell Drilling is equally committed to delivering our very best performance on
Deepsea Nordkapp.”

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

Aberdeen, United Kingdom
18 December 2019
Odfjell Drilling Ltd.

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