Seadrill Announces 4Q 2006 Earnings Release and Conference Call Information


HAMILTON, Bermuda, Feb. 22, 2007 (PRIME NEWSWIRE) -- Seadrill's fourth quarter and preliminary results for 2006 is scheduled to be released on Wednesday February 28, 2007. In connection with the earnings release, a teleconference/webcast and a live presentation will be held as described below:

1. TELECONFERENCE AND WEBCAST

A conference call will be held at 5:00 P.M. (Norwegian time) on Wednesday February 28, 2007.

To listen to the management presentation of the results, the following options are available:

A. Webcast

Go to the Investor Relations section at www.seadrill.com and click on the link to "Webcast." In order to listen to the conference call on the web, you need to have installed Windows Media Player and a sound card on your computer.

B. Teleconference

Call-in numbers:


 Norway Free call 800 193 95 
 International call +44 1452 552 510 
 UK Free call 0800 694 2370 
 USA Free call 1866 966 9444

The participants will be asked for their name and conference ID. The Seadrill conference ID is: 9735085.

There will be a Q&A session subsequent to the presentation. Information on "how to ask management questions" will be given at the beginning of the Q&A session.

In order to view the presentation held while listening to the conference, please download the presentation material from www.seadrill.com.

If you are unable to participate in the call, there is an opportunity to listen to a replay of the conference call on www.seadrill.com (Investor Relations) or to listen to a playback by dialing:


 International: +44 1452 55 00 00 
 UK Free call: 0800 953 1533 
 USA Free call: 1866 247 4222 
 - followed by replay access number: 9735085#

Participant list information required: Full name & company

Replay will be available for seven days.

2. LIVE PRESENTATION

A presentation of Seadrill's fourth quarter and preliminary results for 2006 will take place in Oslo, Norway at Shippingklubben, Haakon VII gate, on Thursday March 1, 2007 at 09:00 A.M. If you wish to attend, please confirm your attendance to Bjorghild.togersen@seadrill.com or phone + 47 51 30 98 53.