Odfjell Drilling Ltd

According to a response sent to Minnesota State Board of Investment in January 2019, "Odfjell Invest Ltd nor any of its affiliates has had any active business operations in Iran after 4 November 2018. Since entering the Iranian oil and gas market in 2016, Odfjell Well Services II Ltd ("OWS"), a company in the Odfjell Drilling group, held two contracts until the end of the wind-down period on 4 November 2019: 

• Iranian Offshore Engineering and Construction Co
• Drilling Company INternational

All activities under these two contracts were terminated by OWS prior to the end of the wind-down period. Personnel and equipment demobilizaton was initiated before the end of the wind down period and completed shortly thereafter. 

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Odfjell was removed from the May 15, 2019 Iowa Public Employees' Retirement System Iran Prohibited Companies List.

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In 2019, CalSTRS identified Odfjell Drilling as potentially having ties to Iran. CalSTRS
subsequently removed Odfjell drilling after confirming the winddown of their Iranian involvement and reviewing the company’s internal controls.