Options Exercised for Deepsea Atlantic on Johan Sverdrup Phase 2

Source: www.gulfoilandgas.com 11/28/2022, Location: Europe

Odfjell Drilling Ltd, (“Odfjell Drilling”) is pleased to note that Equinor Energy AS (“Equinor”) has exercised its priced options for the Deepsea Atlantic to drill five additional wells on the Johan Sverdrup Phase 2 development under the contract entered into by the parties on 23.11.2020.

The five wells are anticipated to take approximately 190 days with an approximate value of USD 64M and extends the Deepsea Atlantic’s firm backlog into Q1 2024.

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