Company Disclosures

OTL – Odfjell Technology secures contract with Repsol Norge AS for drilling services on Yme Inspirer

Published 17.01.2024

Odfjell Technology is pleased to announce the signing of a contract with Repsol
Norge AS for drilling services on Yme Inspirer. The contract services include
drilling, completion, re-completion, well intervention, maintenance, engineering
and future plug & abandonment work.

“We are pleased at the trust placed in us by Repsol Norge AS with this contract
and look forward to delivering efficient and quality services. Our long track
record as a platform drilling contractor and manager of jack-up operations has
contributed to securing this contract”, says Kurt Meinert Fjell, EVP Operations
in Odfjell Technology.

The contract will commence Q2 2024 and is a firm 5-year contract with optional
periods of 2 x 3 years. Estimated contract value is 400mNOK for the firm
period, and 1bnNOK including options.

For further queries, please contact:

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


Gert Haugland, SVP Finance & Investor Relations
+47 92661638

17 January 2024
Odfjell Technology Ltd

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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