Sevan Drilling in Talks to Extend Rig Options, Finansavisen Says

Sevan Drilling ASA is in talks with Cosco Shipyard on extending options for the construction of two additional rigs until the end of 2012, Finansavisen reported, citing Chief Executive Officer Scott Kerr.

Sevan Drilling will consider exercising the options after it has secured contracts for two rigs currently under construction, the Oslo-based newspaper said.

To contact the reporter on this story: Stephen Treloar at streloar1@bloomberg.net

To contact the editor responsible for this story: Christian Wienberg at cwienberg@bloomberg.net

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