ODL – Options Exercised for Deepsea Atlantic on Johan Sverdrup Phase 2

Monday 28 November 2022

Equinor has exercised its priced options for the Deepsea Atlantic
to drill five additional wells on the Johan Sverdrup Phase 2 development under the contract entered into with Odfjell

The five wells are anticipated to take approximately 190 days with an
approximate value of USD 64M and extends the Deepsea Atlantic’s firm backlog into Q1 2024.

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