PSW Technology has signed an extension of their frame agreement with Odfjell Drilling AS for marine risers and subsea equipment services.

The agreement involves services for classification and testing of well control equipment for all the rigs within Odfjell Drilling AS’ portfolio. The contract consists of a fixed period of 4 years with a 2+2-year option. The value of the frame agreement is defined as a substantial contract (2) for the fixed period and large contract (3) if both options are exercised.

PSW Technology has since 2013 had in place a frame agreement for services defined and will continue the work for Odfjell Drilling AS with a new 4-year horizon from the start of fourth quarter 2023.

“In the operation of our state-of-the-art drilling rigs, making sure that we have competent vendors for maintenance of our well control equipment is crucial. We chose PSW based upon their experience and our collaboration, in addition to their competence, capacity and quality,“ says Jakob Korsgaard, Chief Operating Officer of Odfjell Drilling AS.

“We are very proud that Odfjell Drilling AS has chosen PSW Technology as their trusted partner for these services, we understand that the services we provide, are on some of the most critical equipment a drilling unit has and we will do our utmost to make sure that we keep on delivering high-quality and cost-effective solutions for our customers,” says Richard Cornell, Managing Director of PSW Technology.