Offshore

Blackwhite
16.01.2018 kl 10:56 16964

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16.01.2018 10:12:56: ODL - Odfjell Well Services secures long term contract in Kuwait


Odfjell Well Services has signed a contract with Kuwait Oil Company (KOC) to
provide tubular running services, downhole drilling tools, drillpipe, pressure
control and wellbore clean up equipment for all KOC drilling and workover
operations.

Odfjell Well Services is one of three successful bidders selected to provide
these services both onshore and offshore. Currently there are over 120 rigs
working onshore in Kuwait, however this is expected to increase significantly
during 2018.

The firm duration of the contract is 5 years, based on call off services and is
expected to commence in January 2018.

George Taggart, EVP Odfjell Well Services says ; "This is an extremely important
contract for Odfjell Well Services and builds upon our strategy to grow in new
geographical markets. Kuwait is currently one of the largest growing markets in
the world and this contract assures our position as one of the leading service
companies in the region for many years to come."

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