M&A Activity • Mar 14, 2025
M&A Activity
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OTL: Odfjell Technology Secures New TRS Contract
Odfjell Technology has signed a new contract with ConocoPhillips Skandinavia AS (ConocoPhillips) for the provision of Tubular Running Services (TRS). The contract has a firm duration of 3 years, with options for an additional 3+3 years.
This contract builds on the strong and long-standing partnership between Odfjell Technology and ConocoPhillips, focusing on the delivery of safe and efficient TRS services on the Norwegian Continental Shelf.
“We greatly value our continued strong cooperation and look forward to continuing to deliver high quality TRS services as part of this agreement,” says Elisabeth Haram, EVP Well Services at Odfjell Technology.
The new contract will provide continuity and predictability for both parties, underscoring their shared commitment to quality, safety, and efficiency in every aspect of their operations.
For further information, please contact:
Gillian Basson
Corporate Secretary
+44 (0) 7796 547 889
Aberdeen, United Kingdom
or
Gert Haugland
SVP Finance & Investor Relations
+47 92661638
14 March 2025
Odfjell Technology Ltd
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