Company Disclosures

ODL – Deepsea Stavanger update

Published 19.05.2020

Please be informed that due to ongoing restrictions related to the coronavirus
(COVID-19) pandemic, Odfjell Drilling and Total South Africa have agreed that
the semi-submersible Deepsea Stavanger will remain idle in Norway for a period
prior to the mobilisation of the rig. Odfjell Drilling will be compensated by
Total during this idle time. Once the idle period is complete, the rig will
mobilise to South Africa to commence its charter as planned. The idle agreement
is a reflection of both Parties’ commitment to proceed with the South Africa
drilling program and shall provide the framework to navigate the current

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

Aberdeen, United Kingdom
19 May 2020
Odfjell Drilling Ltd.

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