Company Disclosures

ODL – Odfjell Drilling signs Contract with Lundin Energy Norway

Published 02.03.2021

Reference is made to the stock exchange notice of 25 January 2021 in which
Odfjell Drilling Ltd announced the award of letters of intent with Lundin Energy
Norway for the use of Deepsea Stavanger. Final contract for the drilling
campaign has now been signed. The duration of the contract is changed to three
(3) firm wells plus six (6) optional wells. The firm scope has a contractual
value of approx USD 33 million. Otherwise the contract is signed on such
conditions as disclosed in aforementioned stock exchange notice.

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

Aberdeen, United Kingdom
2 March 2021
Odfjell Drilling Ltd.

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