Odfjell Drilling Semi-submersible Rig Fleet Deployment

operational with ongoing demand

Odfjell Drilling has a fleet of five state-of-the-art semi-submersible rigs, with four currently working in Norway for Equinor and Aker BP, and one in the UK North Sea. The company is optimistic about the demand for harsh-environment deepwater rigs in Norway, expecting to keep its entire fleet busy in the Norwegian continental shelf (NCS) without needing to send rigs overseas. The market shows a strong demand and a potential shortage of rigs, with high operational entry barriers into the NCS and continued client intent to drill more wells to arrest production declines.