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Odfjell Drilling Strengthens Position with Rig Acquisition and Refinancing

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Odfjell Drilling Strengthens Position with Rig Acquisition and Refinancing

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An announcement from Odfjell Drilling Ltd. ( (DE:OD3) ) is now available.

Odfjell Drilling Ltd. has successfully acquired the Deepsea Bollsta rig, which will be renamed Deepsea Bergen, and secured a drilling contract with Equinor until 2028. This acquisition, along with a comprehensive refinancing effort, strengthens the company’s financial structure and increases its contract backlog by nearly USD 1 billion, enhancing its position as a leading harsh-environment driller.

More about Odfjell Drilling Ltd.

Odfjell Drilling Ltd. is a company operating in the oil and gas industry, specializing in drilling services. It focuses on harsh-environment drilling and has a fleet of high-specification rigs, serving major clients like Equinor and Aker BP.

YTD Price Performance: 84.77%

Average Trading Volume: 262,515

Current Market Cap: NOK20.67B

For detailed information about OD3 stock, go to TipRanks’ Stock Analysis page.

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