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Sevan Drilling ASA: Sevan Brasil - Update

Reference is made to press release dated 13 November, regarding Sevan Brasil.

Testing of the BOP has now been completed and accepted by Petrobras. The Rig is back on full day rate as of 09:00 a.m. CET, 16 November.

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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