Seadrill Secures Employment for Jack-Up Newbuild


HAMILTON, Bermuda, Feb. 16, 2007 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of intent by a consortium of five operators for an assignment in Australia with the jack-up drilling rig West Triton (Seadrill 2), currently under construction in Malaysia. The intended contract has a duration of 310 days, including mobilization and demobilization periods. The estimated contract value is approximately US$85 million. Start-up of operations is scheduled in the first quarter 2008, following delivery of the unit.


 Seadrill Limited 
 Hamilton, Bermuda 
 February 16, 2007


            

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