Lundin Energy Norway andOdfjell Drilling have signed a letter of intent for the use of Deepsea Stavanger. The letter of intent is subject to finalization of contract and final approvals from involved parties. The contract is set to commence in Q3 2021 with a duration of one (1) firm well plus eight (8) optional wells. The firm contract scope has an estimated contract value of approximateUSD 11-14 million plus incentives. The contract is set to commence in Q3 2021, back-to-back with Deepsea Stavanger's upcoming five well contract withAker BP . "We are very pleased to continue to add backlog to our fleet and this letter of intent from Lundin Energy Norway again confirms our strong position in the harsh environment market. We are confident that Deepsea Stavanger will meet the high expectations set by Lundin Energy Norway and its partners" says CEO ofOdfjell Drilling AS ,Simen Lieungh . For further queries, please contact:Lynne Webster , Corporate Secretary +44 (0)7796 547889 lweb@odfjelldrilling.comAberdeen, United Kingdom 25 January 2021 Odfjell Drilling Ltd. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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