OTL - Equinor exercise 2-year option for drilling services on Mariner platform in the UK

21 May 2024 12:50 CEST

Odfjell Technology (UK) Limited are delighted to announce that Equinor (UK)
Limited have exercised a 2-year option on the contract for the provision of the
full drilling services on Mariner A platform, located approximately 150
kilometres east of the Shetland Islands. This service encompasses managing
operations, maintenance, and repairs for both the main rig drilling facility and
Intervention Completion Unit, along with providing engineering studies,
modifications, and upgrades.

Odfjell Technology has held this contract to support the Mariner asset since
2019. This option extends the contract to November 2026, with an additional
further two-year option remaining thereafter. Under the contract, Odfjell
Technology will provide value through their integrated services provision,
collaborating closely with Equinor to continually improve efficiency in both
operations and well delivery, and support Equinor in achieving its production
targets.

Kurt Meinert Fjell, EVP Operations in Odfjell Technology commented “We
appreciate this opportunity to continue the great work being done by the team on
the platform, which serves as testament of the value our integrated services
bring. Our collaboration with Equinor is highly valued, and we look forward to
continuing to achieve safe and efficient operations together.”

Contact Information:
For further queries, please contact:
Gillian Basson, Corporate Secretary
+44 (0) 7796 547 889
gbas@odfjelltechnology.com

and/or

Gert Haugland, SVP Finance & Investor Relations,
+47 92661638
gjha@odfjelltechnology.com

Aberdeen, United Kingdom
21 May 2024
Odfjell Technology Ltd

More information:
Access the news on Oslo Bors NewsWeb site