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DRILLING CONTRACT DEEP VENTURE
[August 29, 2008]

DRILLING CONTRACT DEEP VENTURE


(Cision (English) Via Acquire Media NewsEdge) DRILLING CONTRACT DEEP VENTURE

Deep Venture is at present under contract with Exxon.

In July 2008 Venture Drilling AS and Maersk Oil Angola agreed to a six months extension starting from the 25 January 2009 until 25 July 2009 at a dayrate of USD 425.000 after withholding tax.

Venture Drilling AS has now signed a 18 month contract with Maersk Oil Angola starting from the 25th of July 2009 at a dayrate of USD 495.000 after withholding tax.

For further information : please contact Mr. Lars Moldestad - phone +47 55 22 47 10.

Bergen/Oslo, 29th of August 2008.

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