We are pleased to announce thatOdfjell Technology (OTL) has received a Letter of Award fromEquinor Energy AS for Drilling services on fixed platforms on the Norwegian Continental Shelf: oJohan Sverdrup - option exercised o Grane - new award in OTL's portfolio o Visund - new award in OTL's portfolio o Heidrun - option not exercised The award of the work is based on limited competition on parts of a contract awarded byEquinor Energy AS in 2018 for drilling, completion and intervention services including P&A, maintenance, and modifications. "This award will increase our contract portfolio with one additional platform operation. We are pleased at the trust placed in us byEquinor Energy AS and look forward to continuing to deliver safe and efficient services", saysKurt Meinert Fjell , EVP Operations inOdfjell Technology . Contract commencement is1 October 2024 and duration is 4 years fixed with an option of 1 x 2 years. This award will increase our backlog with approximatelyNOK 2 billion . For further queries, please contact:Gillian Basson , Corporate Secretary +44 (0) 7796 547 889 gbas@odfjelltechnology.comAberdeen, United Kingdom Gert Haugland , SVP Finance &Investor Relations +47 92661638 gjha@odfjelltechnology.com14 March 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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