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Odfjell Drilling Ltd. ( (DE:OD3) ) has provided an announcement.
Odfjell Drilling Ltd. has announced an extension of its contract with Equinor for the use of the Deepsea Atlantic drilling unit until the end of the second quarter of 2027. This extension, valued at approximately USD 148 million, secures a significant revenue backlog for the company, ensuring full booking of its fleet until 2027 and potentially extending engagements until 2030. This development strengthens Odfjell Drilling’s market position and underscores its ongoing partnership with Equinor, which has been in place since 2009.
More about Odfjell Drilling Ltd.
Odfjell Drilling Ltd. operates in the drilling industry, providing drilling services primarily for offshore oil and gas exploration and production. The company focuses on maintaining a robust fleet of drilling units and has longstanding relationships with major energy companies such as Equinor.
YTD Price Performance: 24.17%
Average Trading Volume: 182
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.23B
Learn more about OD3 stock on TipRanks’ Stock Analysis page.
