Further to announcement made on December 6, 2010, Sevan Driller has commenced drilling and is back on dayrate as from today.

“I am pleased with the way this situation has been handled by our operations team. The cooperation with the vendor and Petrobras has been excellent”, states Jan Erik Tveteraas, CEO of Sevan Marine ASA.

The information in this announcement is subject to the disclosure requirements of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs – Continuing Obligations.

Sevan Marine ASA is specializing in owning, operating and licensing FPSOs and drilling units, based on its patented cylindrical floater technology. Sevan Marine ASA is listed on Oslo Børs with ticker SEVAN.

For more information, please refer to www.sevanmarine.com.
 
For further information, please contact: 
Viviana Hiis, IR Coordinator, Sevan Marine ASA
+47 37404208 office
+47 95816563 mobile