Odjfell Wins Drilling Contract from Statoil

Odfjell Drilling has been awarded the production drilling contracts for Snorre, Visund and Heidrun. This is two out of the three contract packages for production drilling in the Tampen area.

The contracts awarded Odfjell Drilling have a total value of approx. NOK 1.650 bill. over a fixed period of 4 years. Further these contracts have 3 optional periods of 2 years each so that the total duration can be up to 10 years.

Odfjell Drilling's platform contract on the Visund-field is hereby extended and in addition the company will have an increase in employment of approx. 300 persons for the operation of Snorre A, B and Heidrun.

CEO in Odfjell Drilling, Ketil Lenning, is commenting: "Both the employees and the management of Odfjell Drilling are extremely pleased as these contracts confirms Odfjell Drilling's position as a leading contractor within platform drilling in the North Sea".

Odfjell Drilling has a turnover of approx. NOK 2 bill./year with approx. 1650 employees with business units for mobile drilling rigs, platform drilling, engineering and services for the North Sea oil industry.