Company Odfjell Technology Ltd.

OTL

BMG6716L1081

Oil & Gas Drilling

Real-time Oslo Bors Other stock markets 10:45:00 2024-05-08 am EDT			5-day change	1st Jan Change
65 ^NOK	0.00%		+4.17%	+17.12%

Mar. 14	Odfjell Technology Ltd Secures Platform Drilling Contract from Equinor Energy AS	CI
Feb. 16	Odfjell Technology Ltd. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	CI

Business Summary

Odfjell Technology Ltd. is an international technology and engineering company delivering specialist services, equipment and competence across the offshore energy value chain. The Companyâs businesses include Well Services, Operations and Projects & Engineering. It offers energy industry experience across a range of disciplines, including feasibility and concept studies, pre-FEED and FEED, drilling facility engineering and operational drilling engineering. It operates fixed and floating production drilling platforms in Norway and the United Kingdom. Well Services include tubular running services, well intervention services and drilling tool rental. Well Services endeavors to develop new technology within the industry. The Company delivers the safest services using radio-controlled, remotely operated technology and a new range of handling tools. It also offers engineering services for ventilation and indoor environments, including air conditioning, refrigerants and heat pumps.

Number of employees: 2,386

Sales per Business

NOK in Million	2021	Weight	2022	Weight	Delta
Drilling 51.3 %	-	-	1,993	51.3 %	-
Well Services 30.2 %	849	28.8 %	1,172	30.2 %	+38.08%
Projects & Engineering 13.6 %	-	-	529	13.6 %	-
Corporate/Global Business Services 4.9 %	-	-	191	4.9 %	-

Sales per region

NOK in Million	2021	Weight	2022	Weight	Delta
Norway 65.5 %	1,969	66.8 %	2,547	65.5 %	+29.33%
United Kingdom 21.8 %	625	21.2 %	847	21.8 %	+35.47%
Asia 7.9 %	239	8.1 %	305	7.9 %	+27.79%
Europe - Other Countries 4.6 %	111	3.8 %	177	4.6 %	+59.74%
Other Geographical Markets 0.2 %	2	0.1 %	9	0.2 %	+357.07%

Managers

Managers	Title	Age	Since
Simen Lieungh CEO	Chief Executive Officer	64	22-02-28
Jone Torstensen DFI	Director of Finance/CFO	63	22-02-28
Anne Siri Sævareid CTO	Chief Tech/Sci/R&D Officer	-	21-12-31
Kurt Meinert Fjell COO	Chief Operating Officer	50	21-12-31
Gert Haugland IRC	Investor Relations Contact	-	-
Elisabeth Cecilie Haram PRN	Corporate Officer/Principal	-	19-10-31
Gillian Basson SEC	Corporate Secretary	-	-
Kurt Holsæter HRO	Human Resources Officer	-	21-12-31
Diane Stephen PRN	Corporate Officer/Principal	54	20-12-31

Members of the board

Members of the board	Title	Age	Since
Susanne Elise Munch Thore BRD	Director/Board Member	64	22-01-09
Alasdair Geddes Shiach BRD	Director/Board Member	68	22-01-09
Helene Odfjell CHM	Chairman	59	22-01-09
Victor Vadaneaux BRD	Director/Board Member	-	22-03-28

Share class

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	39,463,867	13,071,307 ( 33.12 %)	0	33.12 %

Shareholders

Name	Equities	%	Valuation
Gladwyne Investments LLP 0.3403 %	134,304	0.3403 %	805 382 kr
Heimdal Forvaltning AS 0.2534 %	100,000	0.2534 %	599 671 kr
West Yorkshire Pension Fund 0.1679 %	66,250	0.1679 %	397 282 kr
RAM Active Investments SA 0.1064 %	41,972	0.1064 %	251 694 kr
Victor Vadaneaux 0.0420 %	16,563	0.0420 %	99 324 kr
Dimensional Fund Advisors Ltd. 0.0402 %	15,870	0.0402 %	95 168 kr
WBS Hünicke Vermögensverwaltung GmbH 0.0267 %	10,540	0.0267 %	63 205 kr
DFA Australia Ltd. 0.0168 %	6,619	0.0168 %	39 692 kr
Andbank Wealth Management SGIIC SAU 0.0153 %	6,025	0.0153 %	36 130 kr
HAC VermögensManagement AG 0.0148 %	5,842	0.0148 %	35 033 kr