Odfjell Drilling Ltd 2025 AR2
The report highlights Odfjell Drilling's strong operational and financial performance in 2025, achieving record revenues of USD 901 million and EBITDA of USD 451 million. Key milestones included the strategic acquisition of the Deepsea Bollsta rig (renamed Deepsea Bergen) for USD 480 million and the successful refinancing of debt facilities, extending maturities to 2031. On the sustainability front, the company reduced absolute emissions from its owned fleet by 34% compared to the 2019 baseline and achieved DNV's Abate P+ notation across its entire owned fleet. Additionally, the company successfully completed the largest exploration well ever drilled in Norway, the Omega Alfa well, and expanded its operations in the carbon capture and storage sector.
Company: Odfjell Drilling Ltd
Sector: Energy
Country: United Kingdom
Year: 2025
Type: AR2
Pages: 110
Odfjell Drilling Ltd
Annual Report
The report highlights Odfjell Drilling's strong operational and financial performance in 2025, achieving record revenues of USD 901 million and EBITDA of USD 451 million. Key milestones included the strategic acquisition of the Deepsea Bollsta rig (renamed Deepsea Bergen) for USD 480 million and the successful refinancing of debt facilities, extending maturities to 2031. On the sustainability front, the company reduced absolute emissions from its owned fleet by 34% compared to the 2019 baseline and achieved DNV's Abate P+ notation across its entire owned fleet. Additionally, the company successfully completed the largest exploration well ever drilled in Norway, the Omega Alfa well, and expanded its operations in the carbon capture and storage sector.
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Document Details
Report Year
2025
Reporting Period
Jan 1, 2025 - Dec 31, 2025
Fiscal Year
2025
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees