Odfjell Technology secures significant UK North Sea contract extension
Odfjell Technology (UK) Ltd has announced a one-year extension to its master service agreements with a major North Sea operator, securing its firm backlog through to July 2027. This extension, awarded on September 29, 2025, builds on a relationship that began in 2017. The agreement includes two additional one-year extension options.
The extended scope covers plug and abandonment (P&A) and return to service (RTS) operational support, with further operations scheduled to commence in 2026. Odfjell Technology has now secured a substantial share of the RTS scope, moving beyond an ad hoc basis to direct deliverables coordinated with the client.
John Moffat, svp operations & P&A UK, highlighted that the extension reinforces the company's position in the growing P&A market. Odfjell Technology, established in April 2022 as a spin-off from Odfjell Drilling, operates in over 30 countries and employs more than 2,400 professionals.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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