Sevan Drilling ASA: Operational Update

As previously reported on August 19th and August 27th, the Sevan Louisiana continues to encounter operational difficulties due to the BOP and supporting systems.  The original issue with the BOP has been rectified, however the BOP tensioner support systems still needs further repair and replacements prior to operation.  Spare equipment has been sourced from Seadrill's capital spare pool, and initial indication for return to service is by the end of September. 

For further information, please contact:

Scott McReaken, CEO, Sevan Drilling ASA 
+47 911 94 651 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 to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

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