Odfjell Drilling

Earnings Release • Dec 19, 2025

Odfjell Drilling Ltd. Signing of Contract for Deepsea Aberdeen

Odfjell Drilling Ltd. Signing of Contract for Deepsea Aberdeen

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.”

For further queries, please contact:

James Crothers, Investor Relations Officer

+44 (0) 7495 067 684

jchu@odfjelldrilling.com

London, United Kingdom

19 December 2025

Odfjell Drilling Ltd

This information is published in accordance with the requirements of the Oslo Børs Rule Book II section 4.2.4 (1) no. 3 and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.