The study will be carried out during first half of 2010 that will be focused on maturing the concept to the level required for entering into a potential contract and to provide necessary inputs to the development plan to be submitted by Det norske to the Norwegian authorities.

During fourth quarter of 2009, Sevan performed a study for Det norske focused on demonstrating the feasibility of the Sevan cylindrical FPSO bridge-linked to a wellhead platform (WHP). This concept will enable dry tree well completions on an unmanned minimum WHP and avoid helicopter shuttling of personnel between the WHP and the FPSO.

The license holders in PL364 Froy are Premier Oil Norge AS and Det norske, with Det norske as operator.