DRILLING CONTRACT VENTURE DRILLING (50% CONTROLLED BY PETROLIA DRILLING ASA)

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Venture Drilling AS has commenced an 18 months drilling contract with Maersk Oil Angola on the 10th of August 2009. New day rate is USD 495.000 per day For further information: Please contact Mr. Lars Moldestad email: lars.moldestad@log-ior.no Bergen/Oslo, 11. August 2009