SEVAN DRILLING ASA: Sevan Driller - Update

Reference is made to our press release dated September 13, 2011. We have in cooperation with Petrobras been able to remove the broken piece from the remote operated vehicle ("ROV") out of the blow out preventer ("BOP").  As of 17:30 local time on September 16 we returned to normal operations.  We are in discussions with Petrobras regarding the classification for the time spent in resolving this issue.


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 is listed on Oslo Axess.


For further information, please contact:
Scott Kerr, CEO, Sevan Drilling ASA (Media)
+47 99283890 mobile


Jon H. Wilmann, CFO, Sevan Drilling ASA (Analysts)
+47 64001847 office
+47 90560406 mobile

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