Seadrill Ltd: Contract Extension for Tender Rig T8 in West-Africa

| Source: Seadrill Ltd

HAMILTON, Bermuda, Nov. 16, 2007 (PRIME NEWSWIRE) -- Seadrill has been awarded a one-year extension by Total for the self-erecting tender rig T8. The contract extension is in direct continuation of existing operations and is expected to keep the unit employed until May 2009. The estimated value of the contract extension is US$45 million. T8 is currently performing production drilling offshore Congo, West Africa.

 Seadrill Limited 
 Hamilton, Bermuda 
 November 16, 2007
Seadrill Ltd
Analyst contact: 
Jim Datland, Investor Relations Manager 
  +47 51 30 99 19
Media contact:
Trond Brandsrud, Chief Financial Officer 
  +47 51 30 99 19