ConocoPhillips exercise three-year extension

19 Feb 2025 09:27 CET

Odfjell Technology (the “Company”) is pleased to announce the exercising of a
three-year extension option on their platform drilling contract with
ConocoPhillips Skandinavia AS (the “Client”) in the North Sea. The contract is
for the provision of platform drilling operation and maintenance services in
Norway. The exercised option means that the contract is extended until 1 July
2028 and represents a significant addition to the Company’s firm back log. A
further 3-year option remains valid under the contract.

Kurt Meinert Fjell, EVP Operations in Odfjell Technology commented
“ConocoPhillips Skandinavia AS has been an important client to us for several
years and we are pleased to continue our cooperation. The exercising of this
option is a testament to the hard work from the teams both offshore and onshore
and we look forward to continuing to work together to deliver results safely.

For further information, please contact:

Gillian Basson
Corporate Secretary
+44 (0) 7796 547 889
gbas@odfjelltechnology.com
Aberdeen, United Kingdom

or

Gert Haugland
SVP Finance & Investor Relations
+47 92661638
gjha@odfjelltechnology.com
19 February 2025

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