NorAm Drilling AS - Annual Report 2023

Oslo, Norway, May 21, 2024

The annual report of NorAm Drilling AS for the financial year 2023 is nowpublished. The report is enclosed and can also be found on the investorrelations sections at www.noramdrilling.com.

For further queries, please contact:Marius Furuly, Director of IR and StrategyTel: +47 90626191

About NorAm DrillingNorAm Drilling owns and operates a portfolio of eleven advanced drilling rigsupgraded to maximize drilling efficiency in the Permian Basin in Texas, whichisthe largest oil producing region in North America. NorAm Drilling is debt freeand has industry leading operating margins. The Company has a full pay-outdividend strategy, targeting frequent cash distributions in a profitablemarket.

www.noramdrilling.com

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