United Kingdom, Sept. 10 -- Odfjell Drilling Ltd. is pleased to announce a Letter of Award ("LOA") with Vår Energi ASA for use of the Deepsea Bergen. The scope of work awarded covers a period of three years, starting in early 2028, following completion of the Deepsea Bergen's current contract. The firm backlog covered under the LOA has an estimated contract value of USD 518 million, including mobilisation fees, but excluding annual escalation, integrated services, performance bonuses and fuel incentives. As a result of the LOA, the Deepsea Bergen's firm contract backlog has been extended until Q1 2031.
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