Operations Halt on West Navion

In connection with minor repair work the derrick of the drillship, West Navion, it has been uncovered cracks in the wire sheaves in the hoisting system of the dual derrick set (Ram Rig). As a result of the findings, operations on West Navion are temporarily halted. It is expected that the halt will last for another 2-3 weeks before operations are resumed. Maritime Hydraulics, the supplier of the dual derrick set, has issued a request to "All users of Maritime Hydraulics' Ram Rigs" to inspect all drilling units equipped with the dual Ram Rig. Consequently, Smedvig will initiate inspection of the drilling rig West Venture, which is also equipped with the Ram Rig derrick set. West Navion is Contracted to Marathon Oil Company Offshore Canada.