Gert Haugland
Senior Vice President of Finance & Investor Relations

Welcome to Odfjell Technologies Q1 Presentation. My name is Gert Haugland. I'm the SVP for Finance and Investor Relations in Odfjell Technology. I'm joined by our CEO, Simen Lieungh; and our CFO, Eirik Knudsen.

Today's presentation is available on our website, and please take notice of the disclaimer on Page 2. Simen will cover the key highlights and market outlook, backlog and dividend, and Eirik will thereafter go through the financials before we open for a Q&A session. You can submit your questions through the webcast portal or by using the dial-in numbers.

Over to you, Simen.

Simen Lieungh
Chief Executive Officer

Thank you, Gert, and welcome to the call. Let me start with the highlights of the quarter. In March, we closed the acquisition of Kaseum and Razor, 2 technology and service companies providing proprietary wireline intervention and P&A plug abandonment tools and services. This established our intervention and plug abandonment platform, a scalable footprint in a part of the market with a strong structural drivers.

We secured a 5.5-year contract on Ekofisk with ConocoPhillips recently. This adds materially to our firm backlog. We have also established an alliance with Halliburton in Norway to complete our offerings within intervention and plug abandonment services. I will come back to that somewhat a little later.

Last week, we also secured a 2-year contract with EnQuest in the U.K. for platform drilling on the Magnus field. Operations is expected to begin third quarter this year. This also adds -- gives us an opportunity to add on type of well services, engineering