Oslo, Norway, May 28, 2025

The annual report of NorAm Drilling AS for the financial year 2024 is now
published. The report is enclosed and can also be found on the investor
relations sections at www.noramdrilling.com.

For further queries, please contact:
Marius Furuly, Director of IR and Strategy
Tel: +47 90626191 


About NorAm Drilling 
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs
upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is
the largest oil producing region in North America. NorAm Drilling is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.


www.noramdrilling.com