Odfjell Drilling published their Q4 report and below are the highlights
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Operating revenue of USD 222 million compared to USD 355 million in Q4 2020.
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EBITDA of USD 85 million compared to USD 171 million in Q4 2020.
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EBITDA margin of 38% compared to an EBITDA margin of 48% in Q4 2020.
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The Group’s contract backlog is USD 2.1 billion, whereof USD 1.3 billion is firm backlog.
The comparable figure at the end of Q4 2020 was USD 2.3 billion, whereof USD 1.3 billion was firm backlog.
Mobile Offshore Drilling Units segment (MODU)
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Operating revenue of USD 143 million compared to USD 292 million in Q4 2020.
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EBITDA of USD 74 million compared to USD 161 million in Q4 2020.
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EBITDA margin of 52% compared to an EBITDA margin of 55% in Q4 2020. Energy segment (Energy)
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Operating revenue of USD 62 million compared to USD 45 million in Q4 2020.
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EBITDA of USD 6 million compared to USD 3 million in Q4 2020.
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EBITDA margin of 9% compared to an EBITDA margin of 8% in Q4 2020.
Well Services segment (OWS)
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Operating revenue of USD 31 million compared to USD 28 million in Q4 2020.
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EBITDA of USD 9 million similar as in Q4 2020.
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EBITDA margin of 29% compared to an EBITDA margin of 32% in Q4 2020.
Source: Odfjell
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