Odfjell Drilling Ltd (Odfjell Drilling) is pleased to announce that on behalf of CIMC OFFSHORE AS, the Company has agreed to extend the contract with Neptune Energy Norge for the use of the drilling rig Deepsea Yantai to drill two further firm wells in Norway.

The scope of the work is estimated to take 60 days and is scheduled to commence in direct continuation of the two wells contracted with Neptune Energy Norge, as noted in the Company’s announcement on 11 October 2022.

As a result of the signing of this extension, the backlog for the Deepsea Yantai is expected to now be pushed back to the start of Q2 2024.

About Odfjell Drilling

Odfjell Drilling is a listed international drilling, well service and engineering company with 2500 employees and operations in more than 20 countries.

About Neptune Energy Group

Neptune Energy is an independent global E&P company with operations across Europe, North Africa and Asia Pacific. The business had production of 130,000 net barrels of oil equivalent per day in 2021 and 2P reserves at 31st December 2021 of 604 million barrels of oil equivalent. Neptune aims to store more carbon than is emitted from its operations and the use of its sold products by 2030. The Company, founded by Sam Laidlaw, is backed by CIC and funds advised by Carlyle Group and CVC Capital Partners.