Sale of Bulford Dolphin Completed

The sale of the drilling rig Bulford Dolphin from a subsidiary of First Olsen Ltd., which is owned 50/50 by Bonheur ASA and Ganger Rolf ASA has been completed. The rig has been delivered to Aban Offshore Ltd. in Ghana.

The sale will yield a net book sales gain of approximately US $193 million in the 4th quarter of 2007.

The rig will now be renamed the Aban Pearl.

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