Odfjell Drilling Ltd. is a leading international offshore drilling contractor specializing in owning and operating advanced semi-submersible rigs designed for harsh environments. The company provides ... Odfjell Drilling Ltd. is a leading international offshore drilling contractor specializing in owning and operating advanced semi-submersible rigs designed for harsh environments. The company provides contract drilling services to the oil and gas industry, focusing on challenging regions such as the North Sea, Barents Sea, West of Shetland, Namibia, and deepwater areas off South Africa. Operating through Own Fleet and External Fleet segments, it manages a modern fleet of eight 6th-generation rigs—five owned and three under management—with an average age of 10.5 years, alongside offering management services including operational oversight, regulatory compliance, marketing, and contract negotiations. Founded in 1973 with maritime roots to 1914, Odfjell Drilling Ltd. employs over 1,600 people and emphasizes safety, quality, health, security, environment (QHSSE), and sustainability, including goals like zero-emission drilling. Listed on the Oslo Stock Exchange since 2013, it reorganized in 2022 to concentrate on core drilling after divesting well services and engineering segments, maintaining a strong track record of high utilization and earnings resilience. Headquartered in Aberdeen, UK, as a subsidiary of Odfjell Partners Holding Ltd., it plays a vital role in the offshore drilling sector by delivering reliable operations for major producers amid tight rig supply in key markets like the Norwegian Continental Shelf.
In 2025, Odfjell Drilling was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Odfjell Drilling has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Odfjell Drilling are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned Turnover
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Total Taxonomy Eligible Turnover
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5.12 CCM/CCA - Underground permanent geological storage of CO2
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2024
2023
2022 - 2017
Total Taxonomy Aligned Opex
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Total Taxonomy Eligible Opex
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5.12 CCM/CCA - Underground permanent geological storage of CO2
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9.1 CCM - Close to market research, development and innovation
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2025
2024
2023
2022 - 2017
Total Taxonomy Aligned Capex
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Total Taxonomy Eligible Capex
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4.10 CCM/CCA - Storage of electricity
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5.12 CCM/CCA - Underground permanent geological storage of CO2
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7.7 CCM/CCA - Acquisition and ownership of buildings
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Limited Data Preview
You are viewing a limited preview of Odfjell Drilling’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories, at both aggregate and activity level, with historical coverage back to 2023.
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Verified Sources Behind Odfjell Drilling’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Odfjell Drilling’s data sources below and access millions more through our Disclosure Search.
a. Odfjell Drilling's Integrated Report 2025
b. Odfjell Drilling's Annual Report 2024
c. Odfjell Drilling's Annual Report 2023
Insights into Odfjell Drilling's Revenues from Sustainable Activities
In 2025, Odfjell Drilling reported EU Taxonomy-eligible revenues of USD 54.70 million, representing 6.1% of its total turnover. Of this amount, USD 54.70 million of Odfjell Drilling's revenues was classified as EU Taxonomy-aligned, indicating that 6.1% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Odfjell Drilling's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Eligible Turnover
Total Taxonomy Aligned Turnover
Have Odfjell Drilling's revenues become more sustainable over time?
Compared to the previous year (2024), Odfjell Drilling's taxonomy-aligned revenues increased by 771.43%,highlighting Odfjell Drilling's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Odfjell Drilling's revenue is eligible under the EU Taxonomy?
In 2025, Odfjell Drilling reported that USD 54.70 million of its revenue was eligible under the EU Taxonomy, representing 6.1% of the company's total turnover. Of this amount, USD 54.70 million (6.1% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Odfjell Drilling's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Odfjell Drilling's eligible revenue is aligned with the EU Taxonomy?
In 2025, Odfjell Drilling reported that USD 54.70 million of its revenue was aligned under the EU Taxonomy, representing 6.1% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Odfjell Drilling's Contribution to Environmental Objectives
Total Taxonomy Aligned Turnover
How is Odfjell Drilling's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2025, Odfjell Drilling reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 6.1%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Odfjell Drilling earn from selling climate-related solutions ?
In 2025, Odfjell Drilling reported that USD 54.97 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 6.1% of the company's total revenue,indicating that Odfjell Drillinghas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Odfjell Drilling's CAPEX from Sustainable Activities
In 2025, Odfjell Drilling reported EU Taxonomy-eligible CAPEX of USD 16.90 million,representing 2.7% of its total CAPEX. Of this amount, USD 16.00 million of Odfjell Drilling's CAPEX was classified as EU Taxonomy-aligned, indicating that 2.6% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Odfjell Drilling's Taxonomy-Eligible Capex Over Time
Total Taxonomy Eligible Capex
Total Taxonomy Aligned Capex
Have Odfjell Drilling's increased its investment in sustainable activities over time?
Compared to the previous year (2024), Odfjell Drilling's taxonomy-aligned CAPEX increased by 30%,highlighting Odfjell Drilling's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Odfjell Drilling's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2025, Odfjell Drilling reported that USD 16.90 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 2.7% of the company's total CAPEX. Of this amount, USD 16.00 million (2.6% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.1% of Odfjell Drilling's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Odfjell Drilling's eligible CAPEX is aligned with the EU Taxonomy?
In 2025, Odfjell Drilling reported that USD 16.00 million of its CAPEX was aligned under the EU Taxonomy, representing 2.6% of its total capital investment.a
This low alignment reflects that Odfjell Drilling is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Odfjell Drilling's Contribution to Environmental Objectives
Total Taxonomy Aligned Capex
How is Odfjell Drilling's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2025, Odfjell Drilling reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 2.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Odfjell Drilling is investing in climate-related solutions?
In 2025, Odfjell Drilling allocated USD 16.22 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 2.6% of the company's total capital expenditure,indicating that Odfjell Drillinghas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Odfjell Drilling's OPEX from Sustainable Activities
In 2025, Odfjell Drilling reported EU Taxonomy-eligible OPEX of USD 3.90 million,representing 9.6% of its total operating expenses (OPEX). Of this amount, USD 4.00 million of Odfjell Drilling's OPEX was classified as EU Taxonomy-aligned, indicating that 9.6% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Odfjell Drilling's Taxonomy-Eligible Opex Over Time
Total Taxonomy Eligible Opex
Total Taxonomy Aligned Opex
Have Odfjell Drilling's increased its spending in sustainable activities over time?
Compared to the previous year (2024), Odfjell Drilling's taxonomy-aligned OPEX increased by 1,100%,highlighting Odfjell Drilling's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Odfjell Drilling's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2025, Odfjell Drilling reported that USD 3.90 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 9.6% of the company's total OPEX. Of this amount, USD 4.00 million (9.6% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Odfjell Drilling's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Odfjell Drilling's eligible OPEX is aligned with the EU Taxonomy?
In 2025, Odfjell Drilling reported that USD 4.00 million of its OPEX was aligned under the EU Taxonomy, representing 9.6% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Odfjell Drilling's Contribution to Environmental Objectives
Total Taxonomy Aligned Opex
How is Odfjell Drilling's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2025, Odfjell Drilling reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 9.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Odfjell Drilling's operational budget supports climate-related solutions?
In 2025, Odfjell Drilling allocated USD 3.97 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 9.6% of the company's total OPEX,indicating that Odfjell Drillinghas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
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