Company Disclosures

ODL – More work for Deepsea Atlantic

Published 18.12.2020

Equinor has exercised two new wells for Deepsea Atlantic. The wells have been
exercised under the continued optionality mechanism in the contract entered into
between the parties in May 2018, as part of the overall Master Frame Agreement.
The work shall commence after the completion of the current scope estimated to
be in Q1 2021. The commercial terms are materially the same as for the recently
announced Johan Sverdrup Phase 2 contract award.

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

Aberdeen, United Kingdom
18 December 2020
Odfjell Drilling Ltd.

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