StatoilHydro Awards Sevan Study Contract for Potential FPSO

StatoilHydro ASA has awarded Sevan Marine ASA a contract to conduct a study for the potential application of a Sevan floating platform for an undisclosed field development. The study will be performed during last half of 2009 and will be focused on demonstrating the feasibility of the Sevan cylindrical FPSO bridge-linked to a wellhead platform.