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Odfjell Drilling Ltd. ( (DE:OD3) ) has provided an announcement.
Odfjell Drilling Ltd. has signed a contract with Equinor for the use of the Deepsea Aberdeen rig on the Norwegian Continental Shelf, covering an interim drilling scope before the unit moves to the Fram Sør development project offshore Norway. The work, starting in the fourth quarter of 2026 immediately after the rig’s current Equinor contract and running to the first quarter of 2029, adds about USD 373 million in firm order backlog and further strengthens Odfjell Drilling’s long-term relationship with Equinor, with three rigs now under contract, enhancing revenue visibility and consolidating its position in Norway’s offshore drilling market.
More about Odfjell Drilling Ltd.
Odfjell Drilling Ltd. is an offshore drilling contractor serving the oil and gas industry, providing harsh-environment drilling services through a fleet of advanced rigs, with a strong presence on the Norwegian Continental Shelf and in projects for major operators such as Equinor.
Average Trading Volume: 256,855
Current Market Cap: NOK20.36B
See more data about OD3 stock on TipRanks’ Stock Analysis page.