Statoil has awarded Sevan Marine a study of the potential application of a Sevan
FPSO for Statoil's Skrugard/ Havis development in the Norwegian Barents Sea.

The  study will be performed in the  period from April 2012 to May 2013 and will
be  focused  on  further  development  of  the  Sevan  FPSO  as basis for future
preferred concept.

Sevan  Marine  has  in  2011 carried  out  a feasibility study for the Statoil's
Skrugard/ Havis development.


The information in this announcement is subject to the disclosure requirements
of the Norwegian Securities Trading Act section 5-12 and/or the Oslo Børs -
Continuing Obligations.

Sevan Marine ASA is specializing in design, engineering and project execution of
floating units for offshore applications, with a main focus on Floating
Production, Storage and Offloading units (FPSOs). Sevan Marine ASA is listed on
Oslo Børs with ticker SEVAN. For more information, please refer to
www.sevanmarine.com.

For more information please contact:
Marit Ytreeide, Press Contact (Media)
+47 901 28 308 mobile

Carl Lieungh, CEO, Sevan Marine ASA (Media)
+47 37 40 40 00 office

Kjetil Vangsnes, CFO, Sevan Marine ASA (Analysts)
+47 37 40 40 00 office


[HUG#1597609]