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Commencement of drilling contract with Lundin Norway

Following a period of sea trials and final testing, the semi submersible rig Island Innovator has now left the Bergen Group Hanøytangen yard and arrived at the Johan Sverdrup field, of where the rig will perform drilling services under the 12 well drilling contract with Lundin Norway.

Ulsteinvik , 25 September 2013

Following a period of sea trials and final testing, the semi submersible rig Island Innovator has now left the Bergen Group Hanøytangen yard and arrived at the Johan Sverdrup field, of where the rig will perform drilling services under the 12 well drilling contract with Lundin Norway.

This is the first drilling contract for Maracc and Island Innovator, and represents thus a major milestone as it marks the entry into the operating phase following a long and extensive construction - and test period.

The drilling contract with Lundin Norway is expected to provide Island Innovator with a minimum of two years of drilling operations.

For further information, please contact: Roger Simmenes, CEO (+47 932 40 311)