25.05.2018

- Operating revenue of USD 175 million
- EBITDA of USD 56 million
- EBIT of USD 16 million
- Net loss of USD 7 million


Odfjell Drilling reports the following highlights in/after Q1 2018:

- USD 175 million Private Placement successfully completed
- Purchase of Deepsea Nordkapp and award of drilling contract by Aker BP
- Equinor awarded contract for Platform Drilling services
- Equinor awarded letter of intent to Deepsea Atlantic

Please see the attached report for the first quarter of 2018.

For further queries, please contact:


Investor Relations:
Eirik Knudsen, Vice President Corporate Finance & Investor Relations
+47 934 59 173 / eikn@odfjelldrilling.com


Hamilton, Bermuda
25 May 2018
Odfjell Drilling Ltd.


This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Odfjell Drilling Ltd. published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 07:17:04 UTC