Odfjell Technology Ltd (OTL)

Overview

Odfjell Technology Ltd. is a technology and engineering company based in Aberdeen, the United Kingdom, with a global presence that extends through Norway, Europe, Asia, and the United Kingdom. Founded in 1973, the company specializes in providing comprehensive well, drilling, and engineering services. Operating through three main segments, namely Well Services, Operations, and Projects & Engineering, Odfjell Technology Ltd. delivers a broad spectrum of services tailored for the exploration and production sectors of the oil and gas industry. Its multi-faceted operations and extensive expertise enable the company to address complex challenges and contribute to the efficiency and safety of drilling and well operations across the world.

Products and Services

• Well Services:

  This segment caters to various needs around casing and tubular running services, offering both automated and conventional methods. It also includes drilling tool and tubular rental services, alongside specialist well intervention products and services. The focus here is on supporting both exploration wells and production, providing integral services that enhance operational efficiency and safety.

• Operations:

  Key activities under this segment involve the production of drilling and well completion on client rigs. It extends to slot recovery, plug and abandonment, work-overs, and maintenance activities. Additionally, Odfjell Technology Ltd. offers platform drilling services on fixed and floating production platforms and manages services on leased Jack-up rigs, ensuring high standards of functionality and safety in complex drilling environments.

• Projects & Engineering:

  This segment offers a range of engineering and integrity services from design and engineering to building supervision. It also encompasses project management and operational support for units in operation, new build projects, and SPS/RS recertification projects and yard stays. With a focus on ensuring project integrity and operational excellence, Odfjell Technology Ltd. leverages its engineering expertise to deliver reliable and innovative solutions.