Company Disclosures

OTL – Odfjell Technology Secures 3-Year Contract for Tubular Running Services with COSL Drilling Europe AS

Published 14.05.2024

Odfjell Technology, a leading provider of drilling and well services, has
secured an important contract with COSL Drilling Europe AS. The fixed part of
the contract, valued at approximately 160 million NOK, encompasses Tubular
Running Services has a duration of three years, with the option for two
additional one-year periods.

The agreement between Odfjell Well Services Norway AS and COSL Drilling Europe
AS underscores the confidence placed in Odfjell Technology’s expertise and
capability within the industry. Under the terms of the contract, Odfjell
Technology will provide comprehensive Tubular Running Services, ensuring the
smooth and efficient operation of COSL Drilling Europe AS’s offshore drilling

“We are pleased to announce this significant contract with COSL Drilling Europe
AS,” said Elisabeth Haram, EVP of Well Services. “This contract further
strengthens our long-standing relationship with COSL and demonstrates their
trust in Odfjell Technology’s ability to deliver high-quality services. We look
forward to leveraging our expertise and capabilities to support COSL Drilling
Europe AS’s operations over the coming years.”

For further information, please contact:

Gillian Basson,
Corporate Secretary
+44 (0) 7796 547 889
Aberdeen, United Kingdom

Gert Haugland,
SVP Finance &Investor Relations
+47 92661638

14 May 2024
Odfjell Technology Ltd

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