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SEVAN DRILLING ASA: Sevan Brasil Update

Sevan Brasil left the Cosco shipyard at 12 pm local Chinese time today and proceeded offshore to commence thruster installation and  seatrials.  These operations are expected to take approximately 4-6 weeks and following completion the rig will be secured for shipment and loaded on to heavy lift for transport to Brasil. 
 
The project is progressing according to plan.
 
For further information, please contact:
 
Scott Kerr, CEO, Sevan Drilling ASA
+47 99283890 mobile
 
Jon H. Wilmann, CFO, Sevan Drilling ASA
+47 90560406 mobile
 
About Sevan Drilling:
Sevan Drilling ASA is an international offshore drilling contractor specializing in the ultra deepwater segment. Sevan Drilling ASA is listed on Oslo Axess.
 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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