Sevan Driller II was launched on August 2, 2010. The project is progressing according to plan and schedule. Block construction has been completed up to 13.4 meters and the construction activities continue in dry dock at the Cosco Shipyard in Qidong.

Sevan Driller II is contracted to Petrobras S.A. for a six year fixed term and is scheduled for delivery from the shipyard in Q1 2012.