Odfjell Technology awarded three-year contract with EnQuest

08 May 2026 12:07 CEST

Odfjell Technology (The “Company”) is pleased to announce that it has secured a
three-year contract with EnQuest PLC (the “Client”) for platform drilling
operations on the Magnus platform in the UK.

The contract is scheduled to commence in Q3 2026 and includes two additional
one-year extension options.

Kurt Meinert Fjell, EVP Operations, comments:

“We are proud to enter into this contract with EnQuest, marking EnQuest as a new
client within our platform drilling portfolio. Odfjell Technology previously
operated under a platform drilling contract on the Magnus platform in 2018, and
we are very pleased to return.”

About EnQuest
EnQuest PLC is an independent oil and gas company operating in the UK North Sea
and across South East Asia. Founded in 2010, EnQuest focuses on extending the
lives of mature and underinvested assets through top quartile operational
performance, infrastructure-led drilling, and subsea optimisations, with key
assets including Kraken, PM8/Seligi and Magnus, where there remains significant
upside potential for production growth.

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

or

Gert Haugland
SVP Finance & Investor Relations
+47 926 61 638
gjha@odfjelltechnology.com

Aberdeen, United Kingdom
8 May 2026
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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