Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Morning Review
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
    • Insider Transactions
  • inderesTV
  • Portfolio
  • Forum
  • Premium
  • Femme
  • Learn
    • Investing School
    • Q&A
    • Analysis School
  • About Us
    • Our Coverage
    • Team
Regulatory press release

OTL - Extension of Master Service Agreement in UK

Odfjell Technology
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
Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • Instagram
  • X (Twitter)
  • Tiktok
  • Linkedin
Get in touch
  • info@inderes.fi
  • +358 10 219 4690
  • Porkkalankatu 5
    00180 Helsinki
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.