EXHIBIT 4.2



Dated February 15, 2002



SMEDVIG RIG AS

as Borrower



THE SEVERAL BANKSANDFINANCIAL INSTITUTIONS

listed in Schedule 1

as Lenders



NORDEA BANK NORGE ASA (formerly known as

CHRISTIANIA BANK OG KREDITKASSE ASA)

CITIBANK, N.A.

DEN NORSKE BANK ASA

SKANDINAVISKA ENSKILDA BANKENAB(PUBL.)

as Joint Arrangers



DEN NORSKE BANK ASA

as Facility Agent



NORDEA BANK
NORGE ASA

as Paying Agent



DEN NORSKE BANK ASA

as Documentation Agent



DEN NORSKE BANK ASA

as Security Trustee



---



FIRST SUPPLEMENTAL
AGREEMENT TO THE

USD600,000,000 REDUCING
AND REVOLVING

CREDIT LOAN FACILITY

dated 10 May 2001



---



Sinclair Roche
& Temperley

Royex House

5 Aldermanbury Square

London EC2V 7LE

Ref. MCF/261124



Portions of this agreement have been omitted and filed separately with

the Securities and Exchange Commission pursuant to a request for confidential treatment



---



INDEX



|Clause |  | Subject                                   |  | Page
|------ |  | ----------------------------------------- |  | ----
|1.     |  | DEFINITIONS AND CONSTRUCTION              |  | 2   
|2.     |  | CONTINUING REPRESENTATIONS AND WARRANTIES |  | 3   
|3.     |  | CONDITIONS PRECEDENT                      |  | 3   
|4.     |  | AMENDMENT TO THE FACILITY
AGREEMENT       |  | 4   
|5.     |  | FURTHER ASSURANCE                         |  | 5   
|6.     |  | COSTS AND EXPENSES                        |  | 5   
|7.     |  | COUNTERPARTS                              |  | 5   
|8.     |  | NOTICES                                   |  | 5   
|9.     |  | PROPER LAW AND JURISDICTION               |  | 5   



---



THIS
FIRST SUPPLEMENTAL AGREEMENT TO THE LOAN AGREEMENT dated the 15th day of February 2002 is made by and between:



|(1) |  | SMEDVIG RIG AS as Borrower;
|--- |  | ---------------------------



|(2) |  | THE SEVERAL BANKS AND FINANCIAL INSTITUTIONS listed
in Schedule 1 as Lenders;
|--- |  | -----------------------------------------------------------------------------



|(3) |  | NORDEA BANK NORGE ASA (formerly known as CHRISTIANIA BANK OG
KREDITKASSE ASA), CITIBANK, N.A., DEN NORSKE BANK ASA and SKANDINAVISKA ENSKILDA BANKEN AB (PUBL.)
as Joint Arrangers;
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(4) |  | DEN NORSKE BANK ASA as Facility Agent;
|--- |  | --------------------------------------



|(5) |  | NORDEA BANK NORGE ASAas Paying Agent;
|--- |  | -------------------------------------



|(6) |  | DEN NORSKE BANK ASA as Documentation Agent; and
|--- |  | -----------------------------------------------



|(7) |  | DEN NORSKE BANK ASAas Security Trustee
|--- |  | --------------------------------------



WHEREAS:-



|(A) |  | By a reducing and revolving credit loan facility agreement dated 10 May 2001 (the Facility Agreement) the Lenders agreed to make available to the
Borrower a secured reducing and revolving credit loan facility in the sum of up to six hundred million Dollars (USD600,000,000) for the purposes and on the terms and conditions contained therein.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(B) |  | Pursuant to clause 11.2 (Negative Pledge) of the Facility Agreement the Borrower has covenanted (inter alia) that, except with the prior written consent of the
Lenders, it will not and shall procure that no other Group Member will, create or permit to subsist any Encumbrance on the whole or any part of its present assets except for Permitted Encumbrances.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





---



|(C) |  | By virtue of Paragraph (C) of the definition of Permitted Encumbrances in Clause 1.1 of the Facility Agreement, Encumbrances created by any Group Member on any
newbuilding Unit acquired after the 10 May 2001 are Permitted Encumbrances where the Facility Agent is satisfied that such Encumbrance is (inter alia) incurred by any person (whether or not a Group Member) towards a shipyard, financial institution
affiliated with a shipyard or government owned financial institution and only if the Lenders have first been given the opportunity to bid for such financing.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(D) |  | The Borrower wishes to amend the Facility Agreement by deleting paragraph (C) only of the definition of Permitted Encumbrances in Clause 1.1 in its entirety.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------



|(E) |  | Pursuant to Clause 19.1 (G) of the Facility Agreement any change to (inter alia) Clause 1 (Definitions and Construction) requires the consent of all the Lenders and
in consideration of the premises the Lenders agree to grant consent on the terms and conditions contained herein.
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



NOW THIS DEED WITNESSESas follows:-



|1. |  | DEFINITIONS AND CONSTRUCTION
|-- |  | ----------------------------



|1.1 |  | Terms and expressions not defined herein but whose meanings are defined in the Facility Agreement shall have the meanings set out therein.
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------



In this Agreement the following
words and expressions shall have the following meanings:-



Agreement

the first supplemental agreement to the Facility Agreement;



Borrower

Smedvig Rig AS, a company incorporated under the laws of Norway with registered number 979 193 416 and having its registered office and
principal place of business at Finnestadveien 28, PO Box 110, N-4001 Stavanger, Norway;



-2-



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Facility Agreement

the loan agreement referred to in recital (A);



|1.2 |  | The provisions of clause 1 of the Facility Agreement except as amended hereby shall apply hereto (mutatis mutandis).
|--- |  | --------------------------------------------------------------------------------------------------------------------



|1.3 |  | Clause headings are inserted for convenience of reference only and shall be ignored in the interpretation of this Agreement.
|--- |  | ----------------------------------------------------------------------------------------------------------------------------



|2. |  | CONTINUING REPRESENTATIONS AND WARRANTIES
|-- |  | -----------------------------------------



|2.1 |  | The Borrower represents and warrants to the Facility Agent and the Lenders that:
|--- |  | --------------------------------------------------------------------------------



| | (A) |  | it has the power to enter into and perform this Agreement and has taken all necessary action to authorise the entry into and performance of this Agreement and will
duly perform and observe the terms hereof and thereof.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (B) |  | this Agreement constitutes the legal, valid and binding obligations of the Borrower, enforceable in accordance with its terms;
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------



| | (C) |  | the entry into and performance of this Agreement and the transactions contemplated thereby do not and will not conflict with (i) any law or regulation or any
official or judicial order or (ii) the constitutional documents of the Borrower or (iii) any agreement or document to which the Borrower is a party or which is binding upon the Borrower, or any of its assets, nor result in the creation or imposition
of any encumbrance on any of its assets;
| | --- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (D) |  | no Event of Default or Possible Event of Default would result from the execution of this Agreement or the performance of the Facility Agreement as amended by this
Agreement.
| | --- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3. |  | CONDITIONS PRECEDENT
|-- |  | --------------------



|3.1 |  | Subject to clause 3.2 below, the Facility Agreement shall be amended as provided in clause 4 below upon the date (the Effective Date) on which the
Facility Agent gives notice to the Borrower that it is satisfied that the conditions which are set out below
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



-3-



---

have been met to the satisfaction of the Facility Agent, namely that:



| | (A) |  | the Facility Agent has received in form and substance satisfactory to it this Agreement duly executed by all parties pursuant to such corporate authorisation
(resolutions, powers of attorney, signatory books) as is, in each case, satisfactory to the Facility Agent in its sole discretion;
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (B) |  | the representations and warranties contained in Clause 2 (Continuing Representations and Warranties) of this Agreement are true and correct on and as of the
Effective Date as if each was made with respect to the facts and circumstances existing at such time;
| | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (C) |  | no Event of Default or Possible Event of Default shall have occurred and be continuing or would result from the amendment of the Facility Agreement in accordance
with this Agreement.
| | --- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.2 |  | The Effective Date shall be a Banking Day on or before 28 February 2002. If the Effective Date shall not have occurred by close of business in London on that day (or
such later date as all parties may agree), this Agreement shall cease to have effect (unless the parties agree otherwise in writing) except for clauses 7, 8 and 9 below.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|3.3 |  | The conditions precedent set out in clause 3.1 above are for the sole benefit of the Lenders and accordingly the Facility Agent may (acting on behalf of the Lenders)
waive all or any of the same, unconditionally or on such conditions as it may in its sole discretion think fit. Any such waiver shall not limit or restrict any other rights of the Lenders in respect of the Facility Agreement.
|--- |  | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4. |  | AMENDMENT TO THE FACILITY AGREEMENT
|-- |  | -----------------------------------



|4.1 |  | The parties hereto hereby agree that with effect from the Effective Date paragraph (C) of the definition of Permitted Encumbrances in Clause 1.1 of the Facility
Agreement shall be deleted in its entirety (but, for the avoidance of any doubt, the remaining paragraphs (A), (B), (D) and (E) of the definition of Permitted Encumbrances shall stay in full force and effect).
|--- |  | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|4.2 |  | Except as expressly varied herein all other terms of the Facility Agreement shall remain in full force and effect.
|--- |  | ------------------------------------------------------------------------------------------------------------------



-4-



---



|5. |  | FURTHER ASSURANCE
|-- |  | -----------------



|5.1 |  | The Borrower hereby covenants that from time to time at the request of the Facility Agent it will execute and deliver to the Facility Agent or procure the execution
and delivery to the Facility Agent of any and all such documents as the Facility Agent shall deem necessary or desirable in its absolute discretion for giving full effect to this Agreement and for perfecting, protecting the value of or enforcing any
security granted to the Facility Agent under or pursuant to the Facility Agreement as amended by this Agreement.
|--- |  | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|6. |  | COSTS AND EXPENSES
|-- |  | ------------------



|6.1 |  | All costs, expenses, internal and external legal fees, registration fees, taxes, stamp duties and all other charges and disbursements whatsoever incurred by the
Facility Agent in connection with the preparation, execution and administration and enforcement of this Agreement and any documents to be executed pursuant hereto shall be paid by the Borrower forthwith on demand by the Facility Agent on a full
indemnity basis.
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|7. |  | COUNTERPARTS
|-- |  | ------------



|7.1 |  | This Agreement may be executed in any number of counterparts all of which shall constitute but one and the same agreement. Execution by the parties hereto separately
of one or more counterpart(s) hereof shall be deemed to be due execution hereof by all the parties hereto, and such counterparts shall be deemed to be one single deed.
|--- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|8. |  | NOTICES
|-- |  | -------



|8.1 |  | The provisions of Clause 25 of the Facility Agreement shall apply to this Agreement.
|--- |  | ------------------------------------------------------------------------------------



|9. |  | PROPER LAW AND JURISDICTION
|-- |  | ---------------------------



|9.1 |  | This Agreement shall be governed by and construed in accordance with the laws of England. The provisions of Clause 27 of the Facility Agreement in relation to the
submission to jurisdiction by the Borrower shall apply to this Agreement.
|--- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



-5-



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EXECUTION PAGE



IN WITNESS WHEREOF the parties hereto have caused this Agreement to be duly executed as a Deed on the day first written above.



|The Borrower            |  |   |  | 
|----------------------- |  | - |  | 
|                       
|EXECUTED and
DELIVERED  |  | ) |  | 
|as a DEED by            |  | ) |  | 
|                        |  | ) |  | 
|for and on behalf of    |  | ) |  | 
|SMEDVIG RIG AS          |  | ) |  | 
|in the presence of:-    |  | ) |  | 
|                       
|The Facility Agent      |  |   |  | 
|                       
|EXECUTED and
DELIVERED  |  | ) |  | 
|as a DEED by            |  | ) |  | 
|                        |  | ) |  | 
|for and on behalf of    |  | ) |  | 
|DEN NORSKE BANK
ASA     |  | ) |  | 
|in the presence of:-    |  | ) |  | 
|                       
|The Paying Agent        |  |   |  | 
|                       
|EXECUTED and
DELIVERED  |  | ) |  | 
|as a DEED by            |  | ) |  | 
|                        |  | ) |  | 
|for and on behalf of    |  | ) |  | 
|NORDEA BANK NORGE
ASA   |  | ) |  | 
|in the presence of:-    |  | ) |  | 
|                       
|The Documentation Agent |  |   |  | 
|                       
|EXECUTED and
DELIVERED  |  | ) |  | 
|as a DEED by            |  | ) |  | 
|                        |  | ) |  | 
|for and on behalf of    |  | ) |  | 
|DEN NORSKE BANK
ASA     |  | ) |  | 
|in the presence of:-    |  | ) |  | 



-6-



---



|The Security Trustee   |  |   |  | 
|---------------------- |  | - |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|DEN NORSKE BANK
ASA    |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|The Joint Arrangers    |  |   |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|NORDEA BANK NORGE
ASA  |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|CITIBANK, N.A.         |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|DEN NORSKE BANK
ASA    |  | ) |  | 
|in the presence of:-   |  | ) |  | 



-7-



---



|EXECUTED and
DELIVERED |  | ) |  | 
|---------------------- |  | - |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|SKANDINAVISKA
ENSKILDA |  | ) |  | 
|BANKEN AB (PUBL.)      |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|The Lenders            |  |   |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|SCOTIABANK EUROPE
PLC  |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|BNP PARIBAS            |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|JPMORGAN CHASE
BANK    |  | ) |  | 
|in the presence of:-   |  | ) |  | 
|                      
|EXECUTED and
DELIVERED |  | ) |  | 
|as a DEED by           |  | ) |  | 
|                       |  | ) |  | 
|for and on behalf of   |  | ) |  | 
|NORDEA BANK NORGE
ASA  |  | ) |  | 
|in the presence of:-   |  | ) |  | 



-8-



---



|EXECUTED and
DELIVERED         |  | ) |  | 
|------------------------------ |  | - |  | 
|as a DEED by                   |  | ) |  | 
|                               |  | ) |  | 
|for and on behalf of           |  | ) |  | 
|CITIBANK, N.A.                 |  | ) |  | 
|in the presence of:-           |  | ) |  | 
|                              
|EXECUTED and
DELIVERED         |  | ) |  | 
|as a DEED by                   |  | ) |  | 
|                               |  | ) |  | 
|for and on behalf of           |  | ) |  | 
|COMMERZBANK INTERNATIONAL
S.A. |  | ) |  | 
|in the presence of:-           |  | ) |  | 
|                              
|EXECUTED and
DELIVERED         |  | ) |  | 
|as a DEED by                   |  | ) |  | 
|                               |  | ) |  | 
|for and on behalf of           |  | ) |  | 
|CREDIT AGRICOLE
INDOSUEZ       |  | ) |  | 
|in the presence of:-           |  | ) |  | 
|                              
|EXECUTED and
DELIVERED         |  | ) |  | 
|as a DEED by                   |  | ) |  | 
|                               |  | ) |  | 
|for and on behalf of           |  | ) |  | 
|DANSKE BANK
A/S                |  | ) |  | 
|in the presence of:-           |  | ) |  | 
|                              
|EXECUTED and
DELIVERED         |  | ) |  | 
|as a DEED by                   |  | ) |  | 
|                               |  | ) |  | 
|for and on behalf of           |  | ) |  | 
|DEN NORSKE BANK
ASA            |  | ) |  | 
|in the presence of:-           |  | ) |  | 



-9-



---



|EXECUTED and
DELIVERED        |  | ) |  | 
|----------------------------- |  | - |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|DEUTSCHE SCHIFFSBANK          |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|DEUTSCHE BANK AG IN
HAMBURG   |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|NEDSHIP BANK
N.V.             |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|ING BANK                      |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|LANDESBANK
SCHLESWIG-HOLSTEIN |  | ) |  | 
|in the presence of:-          |  | ) |  | 



-10-



---



|EXECUTED and
DELIVERED        |  | ) |  | 
|----------------------------- |  | - |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|FORTIS BANK (NETHERLAND)
N.V. |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|SKANDINAVISKA
ENSKILDA        |  | ) |  | 
|BANKEN AB
(PUBL.)             |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|SPAREBANKEN ROGALAND          |  | ) |  | 
|in the presence of:-          |  | ) |  | 
|                             
|EXECUTED and
DELIVERED        |  | ) |  | 
|as a DEED by                  |  | ) |  | 
|                              |  | ) |  | 
|for and on behalf of          |  | ) |  | 
|VEREINS UND
WESTBANK          |  | ) |  | 
|in the presence of:-          |  | ) |  | 



|
|





-11-



---

SCHEDULE 1



THE LENDERS AND THEIR
COMMITMENTS



|Name                                                                       |  | Address, telex and telefax
number                                                                                                                                                                                                                                                                                                                         |  | Commitment USD |  | Percentage %
|-------------------------------------------------------------------------- |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | -------------- |  | ------------
|                                                                           |  |                                                                                                                                                                                                                                                                                                                                                           | 
|Scotiabank Europe plc                                                      |  | Scotia House 33 Finsbury
Square London EC2A 1BB  Telex: 885188 Fax: 020 7454 9019 Attention: Transportation Dep.                                                                                                                                                                                                                                          |  | *              |  | *           
|                                                                           |  |                                                                                                                                                                                                                                                                                                                                                           | 
|BNP Paribas Oslo Branch                                                    |  | Biskop Gunerus gate 2 P.O. Box 106
Sentrum 0155 Oslo Norway  Fax: (47) 22 41 08 44 Attention: Shipping                                                                                                                                                                                                                                                   |  | *              |  | *           
|                                                                           |  |                                                                                                                                                                                                                                                                                                                                                           | 
|JPMorgan Chase Bank(formerly known asThe Chase ManhattanBank)              |  | 1)      Information related to Loan Administration Trinity Tower 9 Thomas More Street London E1W 1YT  Telex: 895461 CMB G Fax: (44) 207 777 5305 Attention: European Loan Processing  2)      Information related to Credit/Commercial matters 125 London Wall London EC2Y 5AJ Telex: 8954681 CMBG Fax: (44) 207 777 4613 Attention: Debt Capital Markets |  | *              |  | *           
|                                                                           |  |                                                                                                                                                                                                                                                                                                                                                           | 
|Nordea Bank NorgeASA (formerly knownas Christiania Bank ogKreditkasse ASA) |  | Middelthunsgate 17 N-0368 Oslo Norway                                                                                                                                                                                                                                                                                                                     |  | *              |  | *           

---

* The confidential portion of this section of the
agreement has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.



-12-



---

|                              |  | Telex: 71043 Fax: (47) 22 48 66
68 Attention: Offshore/Oilservices                                                                                                                                                                                                                                                                          |  |   |  |  
|----------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - |  | -
|                              |  |                                                                                                                                                                                                                                                                                                                                             | 
|Citibank, N.A.                |  | 1)     2ndFloor 4 Harbour Exchange Isle of Dogs London E14 9GE England  Telex: 940500 (Answerback 896581 CITIUK G) Fax: (44) 20 7500 5806 Attention: UK Loans Processing Unit                                                                                                                                                               |  | * |  | *
|                              |  |                                                                                                                                                                                                                                                                                                                                             | 
|                              |  | 2)     c/o Citibank, International plc, Norway Branch Tordenskioldsgate 8-10 PO Box 1481 Vika N-0116 Oslo Norway  Fax: (47) 22 00 96 22                                                                                                                                                                                                     |  |   |  |  
|                              |  |                                                                                                                                                                                                                                                                                                                                             | 
|CommerzbankInternational S.A. |  | 1)     Information related to Loan Administration: 11, rue Notre Dame L-2240 Luxembourg  Telex: 1292, 1293, 2195 cbklxlu Tel: (35) 2 477 911 459 Fax: (35) 2 477 911 386  2)     Information related to Credit Commercial matters: Schauenburgerstrasse 49 20095 Hamburg Germany  Fax: (49) 40 36 83 4068/4123 Attention: Ship Finance Dep. |  | * |  | *

---

* The confidential portion of this section of the
agreement has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.





-13-



---

|Crédit Agricole Indosuez |  | 1)      Lending office, and all information related to Loan Administration matters: Shipping Finance Division/Loan Administration 9 Quai du President Paul Doumer 2920 Paris La Defense Cedex France  Telex: 699600 (INSU 699600 F) Fax: (33) 141 89 19 34 Tel: (33) 141 89 1249 Attention: DFMA/ Loan Administration  2)     Information
related to Credit/Commercial matters:
Representative Office Norway Ruseløkkveien 6 N-0251 Oslo Norway  Fax: +(47) 22 01 06 51 Tel: +(47) 22 01 06 50 |  | * |  | *
|------------------------ |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - |  | -
|                         |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 
|Danske Bank A/S          |  | Information related to Loan Administration 75 King William Street London EC4N 7DT England  Telex: Fax: (44) 020 7410 8002 Attention: Corporate Loans Administration  Information related to Credit/Commercial Matters Stortingsgt.8 PO Box 1934 Vika N-0125 Oslo Norway                                                                                                                                                                                                                        |  | * |  | *

---

* The confidential portion of this section of the
agreement has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.





-14-



---

|                              |  | Fax: (47) 23 13 90 90 Attention:
Corporate Banking Department                                                                                                                                                                                                                                                                        |  |   |  |  
|----------------------------- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ |  | - |  | -
|                              |  |                                                                                                                                                                                                                                                                                                                                      | 
|Den norske Bank ASA           |  | Stranden 21 N-0107 Oslo Norway  Telex: 78175 Fax: (47) 22 48 20 20 Attention:
Credit Administration Shipping                                                                                                                                                                                                                         |  | * |  | *
|                              |  |                                                                                                                                                                                                                                                                                                                                      | 
|Deutsche Bank AG inHamburg    |  | Brandstwiete 1 20457 Hamburg
 Fax: (49) 40 37 01 46 49 Attention: Shipfinancing Department                                                                                                                                                                                                                                           |  | * |  | *
|                              |  |                                                                                                                                                                                                                                                                                                                                      | 
|Deutsche Schiffsbank AG       |  | Domshof 17 D-28195 Bremen  Tel: + 49 421 3609-0 Fax: + 49 421 323539                                                                                                                                                                                                                                                                 |  | * |  | *
|                              |  |                                                                                                                                                                                                                                                                                                                                      | 
|Fortis Bank (Netherland) N.V. |  | 1)      Information related to Loan Administration: Fortis Bank (Netherland) N.V. CBO/CB Loan Administration Coolsingel 93 NL-3012 AE Rotterdam The Netherlands  Fax: (31) 10 401 6118  2)      Information related to Credit/ Commercial matters: Fortis Bank (Netherland) N.V., Oslo Branch  Munkedamsveien 53B N-0250 Oslo Norway |  | * |  | *

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* The confidential portion of this section of the
agreement has been omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.





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|                                           |  | Fax: (47) 23 11 49 40                                                                                                                                                                         |  |   |  |  
|------------------------------------------ |  | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | - |  | -
|                                           |  |                                                                                                                                                                                               | 
|ING Bank N.V.                              |  | De Amsterdamse Poort Location Code HE
02.09 Bijlmerplein 888 P.O. Box 1800 1000 BV Amsterdam Netherlands  Attention: Natural Resources (offshore) Tel: + 31 20 576 8896 Fax: + 31 20 563 5164 |  | * |  | *
|                                           |  |                                                                                                                                                                                               | 
|Landesbank Schleswig-Holstein Girozentrale |  | Martensdamm 6 D-24103 Kiel Germany  Fax: +49 431 900 1130 Attention: Shipping Department                                                                                                      |  | * |  | *
|                                           |  |                                                                                                                                                                                               | 
|Nedship Bank N.V.                          |  | Nedship Bank (Nordic) Strandgaten
18 P.O. Box 701 Sentrum 5807 Bergen Norway  Fax: (47) 55 30 95 50                                                                                           |  | * |  | *
|                                           |  |                                                                                                                                                                                               | 
|Skandinaviska Enskilda Banken AB
(Publ.)   |  | Rosenkrantz gate 22 PO Box 1843
Vika N-0123 Oslo Norway  Telex: 19119 Fax: (47) 22 82 71 24 Attention: Shipping/Offshore                                                                      |  | * |  | *
|                                           |  |                                                                                                                                                                                               | 
|Sparebanken Rogaland                       |  | Bjergsted Terrasse 1 PO Box
218 N-4001 Stavanger Norway  Telex: 33016 Fax: (47) 51 53 47 55                                                                                                   |  | * |  | *



---



* The confidential portion of this section of the agreement has been omitted and filed separately with the Securities and Exchange
Commission pursuant to a request for confidential treatment.



-16-



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|                                   |  | Attention: Shipping/Offshore                                                                           |  |             |  |    
|---------------------------------- |  | ------------------------------------------------------------------------------------------------------ |  | ----------- |  | ---
|                                   |  |                                                                                                        | 
|Vereins-  und Westbank AG, Hamburg |  | 22, Alter Wall D-20457 Hamburg
Fax: 0049 40 3692 3894 Attention: Corporate Banking Department  Energy |  | *           |  | *  
|                                   |  |                                                                                                        | 
|                                   |  | Total                                                                                                  |  | 600,000,000 |  | 100



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* The confidential portion of this section of the agreement has been omitted and filed separately with the Securities and
Exchange Commission pursuant to a request for confidential treatment.



-17-