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Sevan Driller Update

The UDW rig Sevan Driller has completed drilling of its first well in 1,800 m water depth in the Campos Basin offshore Brasil. The Sevan Driller is now in transit to its next location in the Santos Basin, in a water depth of 2,200 m. The transit time is expected to be about 5 days.

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs - Continuing Obligations.

Sevan Drilling ASA is an international offshore drilling contractor specializing in the ultra deepwater segment. Sevan Drilling ASA will be listed on Oslo Axess from tomorrow.

For further information, please contact:

 

Jan Erik Tveteraas, CEO, Sevan Drilling ASA (Media)

+47 37404000 office

+47 95214925 mobile

 

 Jon H. Wilmann, CFO, Sevan Drilling ASA (Analysts)

+47 64001847 office

+47 90560406 mobile

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