Chevron Contracts Deep Driller 2 for Operations Offshore Thailand

A subsidiary of Sinvest AS and DDI Holding AS has entered into a contract with Chevron Offshore (Thailand) Limited for provision of the jack-up drilling rig, Deep Driller 2.

The contract with Chevron will be for an estimated duration between 5 and 7 months for drilling operations offshore Thailand. This contract will commence around end of December 2007. The contract value is approximately USD 28 million to USD 40 million.

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