OTL – Odfjell Technology secures contract extension with client for North Sea drilling services
2026-06-18 16:04:14
Odfjell Technology (UK) Ltd is pleased to announce that a major North Sea Operator has signed a Letter of Intent to exercise its remaining two-year option under the contract for the provision of comprehensive drilling services on a North Sea platform. In addition, the operator has extended the contract with an additional two-year option. The scope of services includes managing operations, maintenance and repairs for both the main rig drilling facility and an intervention completion unit. Odfjell Technology has supported this asset under the contract since 2019, and this remains one of the largest integrated operations we perform. With the exercise of this option, the firm period of the contract is extended to November 2028, with a further two-year option included after that. Kurt Meinert Fjell, EVP Operations in Odfjell Technology commented: “We are very pleased to continue this contract and build on the excellent work delivered over the past seven years. We look forward to continuing to deliver safe, efficient, and high-performing operations together with our client.” For further queries, please contact: Gillian Basson, Corporate Secretary +44 (0) 7796 547 889 gbas@odfjelltechnology.com or Gert Haugland SVP Finance & Investor Relations +47 926 61 638 gjha@odfjelltechnology.com Aberdeen, United Kingdom 18 June 2026 Odfjell Technology Ltd This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.