Odfjell Technology wins COSL drilling contract

Odfjell Technology has won a contract worth approximately NOK 160 million ($14.8 million) to provide pipeline services for COSL Drilling Europe.

The contract has a term of three years and offers the option for two additional one-year periods, the Oslo-listed spin-off of Odfjell Drilling said in a filing with the regulator.

“This contract further strengthens our long-standing relationship with COSL and demonstrates their confidence in Odfjell Technology’s ability to deliver high-quality services,” said Elisabeth Haram, executive vice president of well services.

In March this year, the company also secured a four-year contract plus options with Equinor for drilling services on four fixed platforms on the Norwegian continental shelf, starting in October.