Company Disclosures

ODL – Lundin exercises optional well

Published 01.12.2021

Odfjell Drilling is pleased to announce that we have agreed with Lundin for the
use of Deepsea Stavanger for the drilling of one (1) more well on the Norwegian
Continental Shelf (NCS). The well has been exercised as part of the options
agreed in the contract entered into between the parties in March 2021. The well
will commence primo January 2022 and will be completed prior to the commencement
of the rig’s contract with Equinor on the NCS in Q1 2022.

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

Aberdeen, United Kingdom
1 December 2021
Odfjell Drilling Ltd

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