Odfjell Drilling Ltd (FRA:OD3)
€ 4.155 0 (0%) Market Cap: 1.02 Bil Enterprise Value: 1.57 Bil PE Ratio: 15.35 PB Ratio: 0.80 GF Score: 80/100
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Q2 2022 Odfjell Drilling Ltd Earnings Call Transcript

Aug 30, 2022 / 01:00PM GMT
Release Date Price: €2.77 (-1.43%)
Operator

Good day, and welcome to the Odfjell Drilling Q2 2022 Investor Call. At this time, I would like to turn the conference over to Kjetil Gjersdal, CEO. Please go ahead.

Kjetil Gjersdal

Thank you, and welcome all to this investor conference call for Odfjell Drilling, where we will present the second quarter of 2022. And as mentioned, my name is Kjetil Gjersdal, and I am the CFO -- CEO of Odfjell Drilling. And today, I have with me my CFO, Frode Syslak.

So I will start and go through the first part of the presentation, and then Frode will cover the Q2 financials. And at the end, we will conclude the session with Q&A.

And for the sake of good order, we make reference to our disclaimer on Page 2, and we can then actually move directly over to Slide #4, please. And I want to start with a little bit of backdrop. Currently, we have an energy crisis, particularly in Europe with very high energy prices, and we see a greater focus on energy security.

There has been lack of upstream investments for a long period, and the industry needs to increase

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