Maersk Re-Ups with Accommodation Jackup for EUR 8.2 M

Maersk Olie og Gas AS have exercised the first of two six-month options available for continued use of the Safe Esbjerg accommodation jackup. The exercised six months will commence immediately after the existing firm period expires on the June 29, 2008.

Total value of the exercised option period is about EUR 8.2 million.