Odfjell Technology awarded long term contract with ConocoPhillips

Aberdeen-based integrated supplier of well services technology Odfjell Technology has announced the signing of a 5.5 year firm contract with ConocoPhillips Skandinavia AS, for their integrated services in the North Sea.

The firm period of the contract has been agreed until 31 December 2031 and represents a material increase to the Group’s firm backlog. In addition, the new agreement includes two options, each with a duration up to five years.

The contract covers the provision of platform drilling operations and maintenance services, tubular running services, well engineering, and well planning in Norway.

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The contract also covers options for the provision of downhole equipment and Permanent Plug & Abandonment (PP&A) execution and forms a strong foundation for the Group’s ambition to grow in this market.

Kurt Meinert Fjell, EVP Operations at Odfjell Technology comments: “We are pleased to further strengthen our partnership through this contract. The agreement underlines the strong relationship between our teams and provides a strong foundation for continued innovation and value creation.”

To learn more about Odfjell Technology please visit their website at www.odfjelltechnology.com