Venture Extends Deep Venture Contract 6 Months for Exxon

Due to additional time required to finalize drilling operations, Maersk Oil Angola AS, as an user under the present contract with Exxon, has requested Venture Drilling AS for an extension of the contract for the Deep Venture drillship.

Venture Drilling AS has agreed to a six-month extension beginning from January 25, 2009 until July 25, 2009 at a dayrate of USD 425.000 after withholding tax.

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