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Sevan Drilling ASA: Monthly Operational Update for June 2013

Sevan Driller:
Sevan Driller achieved a technical uptime of 75%. As previously reported, a main shaft bearing had to be replaced and this work was estimated to cause up to seven days downtime. The main shaft bearing was replaced in June and caused seven days downtime. Sevan Driller is back in full operation after the replacement of the bearing.

Sevan Brasil:
Sevan Brasil achieved a technical uptime of 92%.

Sevan Louisiana:
Construction of Sevan Louisiana is progressing according to plan and reached 90% overall completion. Commissioning is progressing according to plan. A naming ceremony will be held for Sevan Louisiana at Cosco Quidong shipyard on 20 August, 2013.

Sevan Drilling Rig no 4:
Construction of Sevan Drilling Rig no. 4 is also progressing according to plan and reached 67% overall completion. 

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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