Odfjell Technology secures contract with major international operating company in Southeast Asia

27 Aug 2024 10:58 CEST

Odfjell Technology (“the “Company”) is pleased to announce a letter of award for
the provision of a Mobile Workover Unit in Southeast Asia from a major
international operating company. The contract is expected to commence in the
middle of the 2nd Quarter of 2025 and has an estimated firm duration of
twenty-four months. The contract adds approximately USD 64 million of firm
revenue backlog to the Company.

Odfjell Technology will immediately begin mobilisation preparations and looks
forward to working with the operator to meet contract expectations safely and
efficiently.

"This contract is in line with our growth strategy and will be an important
addition to our activity in Southeast Asia” says EVP Kurt Meinert Fjell.


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
27 August 2024
Odfjell Technology Ltd

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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