Sevan Drilling today reports an incident on Sevan Driller. During routine maintenance to replace the wash pipe yesterday evening the threaded connection between the wash pipe and the swivel was damaged.  The repair requires that the swivel is removed and taken to shore where the damaged parts will be replaced.  The well is secured during the repair.

There were no injuries or environmental damages related to this incident and it is estimated that repairs will take a minimum of 10 days. 

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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