Odfjell Technology Ltd. announced that company has received a Letter of Award from Equinor Energy AS for Drilling services on fixed platforms on the Norwegian Continental Shelf: Johan Sverdrup - option exercised; Grane - new award in OTL's portfolio; Visund - new award in OTL' portfolio; Heidrun - option not exercised. The award of the work is based on limited competition on parts of a contract awarded by Equinor Energy AS in 2018 for drilling, completion and intervention services including P&A, maintenance, and modifications. Contract commencement is 1 October 2024 and duration is 4 years fixed with an option of 1 x 2 years.

This award will increase backlog with approximately NOK 2 billion.