Odfjell Drilling and CIMC Raffles are pleased to announce that Neptune Energy
Norge has extended the contract for the Deepsea Yantai with an additional 3
wells taking the rig to late 2021. The rig will conduct the second drilling
phase of Neptune Energy's Fenja field development project. In addition, the
parties have agreed to increase the number of optional wells from the remaining
five up to ten optional wells.

"The extension of the Deepsea Yantai is an acknowledgment of the excellent work
performed by our team in the mobilisation, start-up and operation of the Deepsea
Yantai, says CEO Simen Lieungh of Odfjell Drilling".

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