Total Rig Value Concept

THE CHALLENGE

Rig owners operate in an increasingly demanding environment where technical complexity, regulatory requirements
and commercial pressure continue to grow.

Assets must remain safe, compliant and available while projects are delivered with minimal downtime and predictable
cost.

Throughout the rig lifecycle, operators often rely on multiple contractors for engineering, SPS, marine operations,
modifications, integrity management and operational support. While each supplier may perform well individually,
fragmented delivery frequently results in additional interfaces, duplicated effort, knowledge loss and unnecessary
project risk.

At the same time, access to experienced rig engineering resources is becoming increasingly challenging.
Rig owners therefore require a partner capable of supporting the entire lifecycle—not simply individual projects.

OUR SOLUTION

Total Rig Value Concept

The Total Rig Value Concept is Odfjell Technology's lifecycle support concept for mobile offshore drilling units.
Rather than only delivering isolated engineering projects, we support rig owners throughout every phase of the asset
lifecycle—from lay-up and preservation, through reactivation and return to service, and into safe and efficient
operations.

By integrating asset integrity, marine operations, SPS, engineering, modifications and operational support under one
organisation, we reduce interfaces, improve planning and help operators maximise uptime while protecting long-term
asset value.

Whether the objective is preparing a stacked rig for a new contract, executing a Special Periodic Survey, delivering
client-required upgrades or maintaining asset integrity during operations, OTL provides one consistent partner
throughout the journey.

HOW WE DELIVER

Lifecycle Support

Our support follows the natural lifecycle of every drilling rig.

Lay-up

Protecting long-term asset value through preservation, inspections, marine support and regulatory compliance.

Typical services include:

• Preservation programmes
• Conditional assessments
• RBI adjustments
• Regulatory advisory
• Demobilisation planning

Reactivation & Return to Service

Preparing rigs for safe and efficient contract start-up.

Typical services include:

• Reactivation planning
• Marine engineering
• Client-required upgrades
• SPS preparation
• AoC / HSE Case support
• Capability assessments
• Structural assessments
• Inspection campaigns

Operational Support

Supporting safe, compliant and efficient operations throughout the contract period.

Typical services include:

• Asset Integrity Management
• Marine Operations
• SPS execution
• Modifications & Brownfield Engineering
• Project Management
• Engineering support
• Procurement support
• Offshore execution support
• Class & Regulatory support