Odfjell Drilling Ltd. ("Odfjell Drilling" or the "Company", OSE:ODL), is pleased
to note that it has received signed confirmation from Aker BP ASA ("Aker BP")
that it has extended the firm contract period for use of the Deepsea Nordkapp by
1-year.
With this signed confirmation, the Deepsea Nordkapp extends its firm contract
backlog to the end of 2028, after which Aker BP retains further options.
The operating rate applicable to the extension shall be set by the end of 2026,
using a rate reflective of market rates and defined by two independent rig
brokers.
Kjetil Gjersdal Chief Executive Officer commented:
"This extension is testament to the continuous world class performance delivered
by Deepsea Nordkapp and its crew and extends our commitment to the semi-alliance
we have with Aker BP.
"Deepsea Nordkapp has worked continuously with Aker-BP since delivery in 2019
and we are pleased to secure this relationship further until at least 2028."
For further queries, please contact:
James Crothers, Investor Relations Officer
+44 (0) 7495 067 684
jchu@odfjelldrilling.com
London, United Kingdom
17 July 2026
Odfjell Drilling Ltd
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
f the Norwegian Securities Trading Act.\