Magnora ASA

Regulatory Filings • Sep 24, 2014

SEVAN MARINE ASA: Bream FEED contract awarded Sevan Marine

SEVAN MARINE ASA: Bream FEED contract awarded Sevan Marine

Premier Oil Norway AS has awarded Sevan Marine a FEED

(Front End Engineering and Design) contract for the

hull and marine systems of a Sevan type cylindrical

FPSO for operation on the Premier Oil operated Bream

field in the Norwegian Central North Sea.

CEO Carl Lieungh comments: "We are both proud and

pleased to receive this FEED contract, demonstrating

Premier Oil's continued confidence in our technology."

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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 design,

engineering and project execution of floating units

for offshore applications, 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 more information please contact:

Marit Ytreeide, Press Contact (Media)

+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)

+47 37 40 40 00 office

Kjetil Vangsnes, CFO, Sevan Marine ASA (Analysts)

+47 37 40 40 00 office