Odfjell Drilling Ltd (ODFJF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon everybody and welcome to the Oddvale Drilling Q2 2025 results presentation. My name is James Crothers and I'm an Investor Relations Officer at the company and I'm joined today by our Chief Executive Officer, Jeffrey Yarsdahl and our Chief Financial Officer, William Lunde. Before we begin, your attention is brought to the important information slide of our presentation, which we would encourage participants to read in full. Note that this presentation is only a summary of the quarter and the more comprehensive quarterly report should be read separately. Both that report and today's presentations are available on our website, www.oddfielddrilling.com. Our call today will begin with a brief summary of the quarter, with Chet taking us through some of the key highlights. We'll then move on to discussing our operations during Q2, before moving on to our financial review, Victoria. We'll then summarize the presentation and close the call. As always, following the presentation, we'll open the Q&A session and invite participants to submit a question either via the telephone line or electronically via the webcast tools which are available. Q2 has been a busy quarter for our business, and I'm delighted to hand you over to our CEO, Kjetil, who can dig through some of the key highlights. Thank you, James, and very good afternoon, everybody. Q2 was an extremely busy period for our company. Completing three yard stays in short succession, in addition to focusing on delivering for our clients, this was an important period for us to get right. I can happily say today that we are very much achieved our objectives in Q2, and we do enter Q3 with a fully upgraded fleet, no major cockpit builds ahead of us, and increasing day rates secured. Despite how busy this quarter was...