Odfjell Technology Secures $14.8 Million Contract with COSL Drilling Europe for Tubular Running Services

Odfjell Technology, a drilling and well services provider, has recently secured a lucrative contract with COSL Drilling Europe. Valued at approximately $14.8 million, the three-year agreement includes tubular running services with the possibility of extending for two more one-year terms. As per the terms, Odfjell Technology will be responsible for delivering comprehensive tubular running services to ensure the smooth and efficient operation of COSL Drilling Europe’s offshore drilling activities.

Elisabeth Haram, EVP of Well Services at Odfjell Technology, expressed her satisfaction with securing this substantial contract with COSL Drilling Europe. She highlighted that this new agreement further solidifies the ongoing partnership between the two companies and showcases COSL’s confidence in Odfjell Technology’s ability to provide top-notch services.

Haram emphasized that this partnership is built on a strong foundation of trust and reliability. Both companies have worked together successfully in the past, and this new agreement is a testament to their commitment to continuing this collaboration.

COSL Drilling Europe has always been known for its cutting-edge technology and expertise in offshore drilling. By partnering with Odfjell Technology, they are able to access a range of specialized services that can help them achieve their goals more efficiently and effectively.

The three-year agreement is expected to generate significant revenue for both companies. For Odfjell Technology, it represents an important expansion opportunity that will allow them to grow their business in Norway and beyond. For COSL Drilling Europe, it means they can continue to provide high-quality drilling services to their clients while also benefiting from Odfjell Technology’s expertise and resources.

In conclusion, the partnership between Odfjell Technology and COSL Drilling Europe is expected to bring significant benefits to both companies in terms of revenue growth and market expansion opportunities. The recent contract signed by both parties highlights their commitment to working together towards achieving common goals while leveraging each other’s strengths and expertise.