Sevan Drilling ASA: Sevan Driller - Update

On Friday afternoon, during a routine pressure test of the BOP we found a leak in a control line.  To replace the control line the BOP has been pulled and repairs are underway.  We expect to be back on full dayrate by the end of this week (approximately 7 days of downtime).  There was no leak to the sea and the well is secure.

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 Børs.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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