Smedvig Maintains it Will Not Appeal Balder Dispute

Smedvig has been notified by Esso that the company will not appeal the Balder ruling by the Stavanger City Court. However, Esso has decided to file a complaint (Kjaeremal) with the Appeal Court (Gulating Lagmannsrett) concerning the parties' litigation costs. Smedvig has noted Esso's decision and maintains its decision not to appeal the ruling.