Reference is made to the stock exchange notice of 25 January 2021 in which Odfjell Drilling Ltd announced the award of letters of intent with Lundin Energy Norway for the use of Deepsea Stavanger.

Final contract for the drilling campaign has now been signed. The duration of the contract is changed to three (3) firm wells plus six (6) optional wells. The firm scope has a contractual value of approx USD 33 million.

Otherwise the contract is signed on such conditions as disclosed in aforementioned stock exchange notice.

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 Lundin Energy

Lundin Energy has grown from an oil and gas exploration company into an experienced Nordic energy developer and operator. We continue to explore new ideas, new concepts and new solutions to maintain our position as an industry leader in production efficiency, sustainability and decarbonisation. (Nasdaq Stockholm: LUNE).