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Odfjell Drilling Ltd. ( (DE:OD3) ) has issued an update.
Odfjell Drilling Ltd. has signed a Letter of Intent with an undisclosed client for the use of its Deepsea Aberdeen unit, extending its contract until Q2 2029. This agreement enhances the company’s backlog, ensuring cash flow stability and allowing for continued investment in its rigs, personnel, and client relationships.
More about Odfjell Drilling Ltd.
Odfjell Drilling Ltd. operates in the oil and gas industry, focusing on providing drilling services. The company is known for its advanced drilling units, such as the Deepsea Aberdeen, which are designed for harsh environments.
YTD Price Performance: 65.91%
Average Trading Volume: 294,489
Current Market Cap: NOK18.56B
See more insights into OD3 stock on TipRanks’ Stock Analysis page.