OTL - Extension of Master Service Agreement in UK

Odfjell Technology (UK) Ltd is proud to announce the successful award of a one (1) year extension to its Master Service Agreements with a major North Sea operator, reinforcing our position as a trusted provider of drilling operations, plug and abandonment (P&A), maintenance, and support services in the energy sector.

Odfjell Technology was awarded a continuation of these services in July 2021, continuing a legacy that began with the previous contract awarded in 2017. The scope covers plug and abandonment (P&A), and return to service (RTS) operational support, with further operations scheduled to begin in 2026. While RTS support was previously provided on an ad hoc basis, Odfjell Technology has now secured a significant share of the RTS scope, with direct deliverables coordinated alongside the client. This marks a step change in our involvement and reflects the breadth and adaptability of our support across the North Sea portfolio. With the latest extension, Odfjell Technology now holds a firm backlog through to July 2027, with 2 x 1-year extension options available thereafter.

John Moffat - SVP Operations & P&A UK stated:
"This extension reinforces our position in the growing P&A market and reflects the trust our clients place in Odfjell Technology, as well as the dedication of our teams. We are proud to continue our long-standing partnership and remain focused on delivering flexible, responsive solutions. We look forward to exploring new ways to support our clients’ evolving needs with consistent quality and reliability.”

About Odfjell Technology:
Odfjell Technology (UK) Ltd was established in April 2022 following a strategic spin-off from Odfjell Drilling. As an integrated provider of offshore operations, well services technology, rig inspection, and projects & engineering solutions, Odfjell Technology is committed to delivering safe, efficient, and sustainable performance. Odfjell Technology operates in more than 30 countries, employing over 2,400 highly skilled professionals worldwide.

For further queries, please contact:

Gillian Basson, Corporate Secretary
+44 (0) 7796 547 889
gbas@odfjelltechnology.com

Aberdeen, United Kingdom
29 September 2025
Odfjell Technology Ltd