Odfjell Drilling Ltd - Company Profile
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Odfjell Drilling Ltd (Odfjell) specializes in the operation of semi-submersible drilling rigs. The company's main activities include providing drilling services in harsh environments, focusing on exploration and production projects. The company's drilling technology offers conceptual engineering and design, construction and commissioning, modifications and upgrades, and marine and operational services. Its well services comprise tubular running, tool rents and well intervention. Odfjell operates semi-submersibles, drillships, jackups and modular drilling units across the world. It has operations in the UAE, Norway, Brazil, the Philippines, Malaysia, Romania, Saudi Arabia, Singapore, Vietnam, Thailand, the UK and the Netherlands. Odfjell is headquartered in Aberdeen, Scotland, the UK.
Headquarters
United Kingdom
Address
Lower Ground Floor, Prime View Prime Four Business Park, Aberdeen, Scotland, AB158PU
Website
www.odfjelldrilling.com
Telephone
44 1 224856000
No of Employees
1,643
Industry
Energy and Utilities
Ticker Symbol & Exchange
ODL (OSL)
Revenue (2024)
$901.2M
16.3%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
158.1%
(2024 vs 2023)
Market Cap*
$2.0B
Net Profit Margin (2024)
XYZ
121.9%
(2024 vs 2023)
* As of and is in US$
Odfjell Drilling Ltd premium industry data and analytics
Products and Services
| Services |
|---|
| Mobile Offshore Drilling |
| Drilling Technology: |
| Conceptual Engineering and Engineering Design |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In December, the company acquired the semi-submersible drilling rig Deepsea Bollsta from Northern Ocean Ltd., for US$480 million. |
| 2025 | Others | In June, the company announced the completion of Deepsea Aberdeen’s Special Periodic Survey |
| 2025 | Contracts/Agreements | In January, the company announced its agreement with Equinor to extend its contract for the use of Deepsea Atlantic until end Q2 2027. |
Competitor Comparison
| Key Parameters | Odfjell Drilling Ltd | Koninklijke Vopak NV | Seadrill Ltd | Archer Ltd | Dolphin Drilling A.S.A. |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | Netherlands | Bermuda | Norway | Norway |
| City | Aberdeen | Rotterdam | Hamilton | Sandnes | Sandnes |
| State/Province | Scotland | - | - | - | - |
| No. of Employees | 1,643 | 3,082 | 3,000 | 4,476 | 222 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kjetil Gjersdal | Chief Executive Officer | Senior Management | 2022 | 56 |
| Orjan Lunde | Chief Financial Officer | Senior Management | 2025 | 51 |
| Jakob Korsgaard | Chief Operating Officer | Senior Management | 2023 | 55 |
| Hakon Klepsvik | Chief Technology Officer | Senior Management | 2022 | 51 |
| Michael Boysen Nielsen | Chief Commercial Officer - Business Development | Senior Management | 2015 | 59 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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