Rig Construction on Schedule for Odfjell Invest

Odfjell Invest announces the completion of "keel laying" for the Deepsea Atlantic rig, which is on schedule for an October 2008 delivery from the DSME yard.

After delivery, the rig will be towed to the Norwegian waters and commence a long-term contract with Statoil on the Gullfaks field.

"A new important milestone is achieved in the project which confirms that the project is progressing according to plan," said Ketil Lenning, chairman of Odfjell Invest. "We are well satisfied with the quality and the development in the new building project giving comfort for the further development of the company."