Ltd., Smedvig directors are scheduled to meet today discuss their options.

The meeting comes a week after Bona, the tanker arm of Norwegian ship owner Leif Hoegh, lifted its issued share capital holdings in crude oil carrier owner/operator Smedvig from 65 percent to 75 percent.

Both shipping companies are Bermuda-registered.

Smedvig chairman Mr. Peter Smedvig and Smedvig CFO Mr. Gustav Blom could not be reached in London yesterday for comment on what moves are being considered.

The takeover initially involved 65 percent of Smedvig's shares bought by Bona's merchant bank SBC Warburg with the acquisition of an additional 10 percent announced Thursday.

Bona now has 13.9 million Smedvig shares.

The move, a significant consolidation, creates a major medium-sized tanker and OBO group with a fleet of about 27 owned vessels worth about $680 million and annual time charter revenues of $100-$150 million, Lloyd's List said.

The acquisition follows failed merger talks between groups led by Bona president Mr. John Smadal and initiated by Bona but ended last week by Smedvig, Lloyd's said.

The total cost of the takeover is estimated at $152 million.

Mr. Smedvig, nor his family, have sold any of their shares while board members have also retained all of their holdings, Lloyd's said.

"In the current circumstances, our near term priorities are to maintain a high level of service to our customers and ascertain the plans which Bona has for the conduct of the business and the treatment of our employees,'' Mr.

Smedvig said earlier.

Since raising over $100 million from investors in the summer of 1993, Smedvig has lost $32.2 million.