Offshore Freedom contracted for Arabian Gulf program

Odfjell Drilling Services has received a letter of commitment for the Offshore Freedom for operations in the Arabian Gulf beginning late 1Q 2009.

Offshore staff

HAMILTON, Bermuda -- Odfjell Drilling Services has received a letter of commitment for the Offshore Freedom for operations in the Arabian Gulf beginning late 1Q 2009. The proposed contract is for four years and is anticipated to generate approximately $282 million in revenue

TheOffshore Freedom is currently being constructed at Lamprell in Sharjah and is scheduled for delivery at the end of 1Q 2009.

08/22/2008

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