Seadrill has been awarded a letter of intent by an international E & P operator for one of the newbuild deepwater units under construction in Korea/Singapore. The contract has a firm duration of five years, and estimated contract value is approximately US$970 million, including mobilization fee.
Analyst contact:
Jim Dåtland
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
Media contact:
Kjell E Jacobsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19
Seadrill Limited
Hamilton, Bermuda
April 30, 2007