Odfjell Drilling Ltd

ODL

Equity

ISIN BMG671801022 / Valor 22371840

Oslo Stock Exchange (2024-12-23)

NOK 50.10+1.01%

Odfjell Drilling Ltd
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About company

Odfjell Drilling Ltd is a leading international drilling, well service, and engineering company, primarily serving the offshore oil and gas industry. The company operates a fleet of advanced drilling units, including semi-submersibles and drillships, and provides comprehensive drilling services to major oil companies worldwide. Additionally, Odfjell Drilling offers well services and engineering solutions, leveraging its extensive industry experience and technical expertise to deliver efficient and safe operations. The corporate management team is composed of professionals with a diverse range of skills and significant industry experience, ensuring the company maintains its competitive edge in the global market.

Summarized from source with an LLMView SourceSector: Energy

Q4 Revenue and EBITDA

In the fourth quarter of 2023, Odfjell Drilling Ltd reported a robust financial performance with a quarterly revenue of USD 192 million and an EBITDA of USD 83 million. This reflects a continued positive trajectory in the company's operations.

Annual Financial Growth

For the full year of 2023, Odfjell Drilling Ltd achieved a total revenue of USD 732 million, marking a 12.8% increase from 2022. The annual EBITDA also rose to USD 328 million, which is a 6.5% increase compared to the previous year.

Contractual Milestones

Odfjell Drilling Ltd secured significant new contracts in the fourth quarter, contributing to a firm order backlog of USD 2.1 billion. Notable contract extensions include the Deepsea Aberdeen and Deepsea Nordkapp with leading industry players, ensuring high utilization of its fleet.

Shareholder Returns

Reflecting its strong financial health, Odfjell Drilling Ltd declared a quarterly dividend of USD 14.2 million in Q4 2023. Throughout the year, the company returned a total of USD 42.6 million to its shareholders post refinancing.

Operational Highlights

The company successfully completed the scheduled Special Periodic Survey (SPS) for Deepsea Nordkapp entirely at sea, achieving this with no downtime and ensuring continuous operational efficiency.

Summarized from source with an LLMView Source

Key figures

28.6%1Y

196%3Y

76.4%5Y

Performance

34.6%1Y

37.5%3Y

49.5%5Y

Volatility