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Sevan Drilling ASA: Sevan Brasil - Update on the Acceptance Testing with Petrobras

Sevan Brasil is in the final phase of the acceptance testing for Petrobras. We expect to leave Rio de Janeiro in the middle of next week for sea trials which are expected to take 5-7 days to complete and acceptance of the rig should be before 15 July

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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