Odfjell Drilling Ltd. is pleased to announce that, further to the announcement on 16 November 2025, the contract provided for in the Letter of Intent for use of the Deepsea Aberdeen has now been signed with Equinor for use of the unit to drill an unspecified scope in an interim period on the Norwegian Continental Shelf, before moving to the Fram Sør project, offshore Norway.

As announced, the work will begin in Q4 2026, in direct continuation of Deepsea Aberdeen’s current contract with Equinor and is estimated to continue to Q1 2029. The contract adds approximately USD 373 million of firm order backlog, excluding integrated services, performance bonuses and fuel incentives as well as yearly escalation increases.

Kjetil Gjersdal, Chief Executive Officer of Odfjell Drilling AS commented:
“We are very pleased to have secured another contract with Equinor, with whom we now have three rigs working. In addition, we are excited to be involved with the drilling of Fram Sør, a leading development project in Norway.”

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 Equinor

Equinor (OSE:EQNR, NYSE:EQNR), is an international energy company with a proud history. Formerly Statoil, we are 20,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, among the world’s largest offshore operators, and a growing force in renewables. Driven by our Nordic urge to explore beyond the horizon, and our dedication to safety, equality and sustainability, we’re building a global business on our values and the energy needs of the future.