Odfjell's offshore wind turn could pass through an IPO

Odfjell Drilling has entered offshore wind with an investment in a marketable product expected within a few years. A stock listing is one possibility for raising more capital in the future, says CEO.

Photo: Odfjell Drilling

With an investment in a relatively nascent company, Odfjell Drilling is trying to get more skin in the game of the rapidly growing offshore wind market.

The drilling company, conventionally an oil and gas player, recently purchased a stake in startup Oceanwind, which is planning on owning and operating floating offshore wind turbines in harsh environments.

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