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SeaDrill Limited : SDRL - Seadrill receives Letter of Award for new build tender assist rig T-18 in Thailand

05/04/2012 | 06:50am US/Eastern
Hamilton, Bermuda, May 4, 2012 - Seadrill has received a Letter of Award for a five-year contract for the tender assist rig T18 by Chevron Thailand Exploration and Production Ltd. Commencement of operations is scheduled for the first quarter 2014, following the delivery to Chevron of tender assist rigs T15 and T16 during 2013. The estimated value of the five-year contract is approximately US$235 million.
Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "We are pleased to see our longstanding relationship with Chevron strengthen further and the tender rig concept continue to advance in South East Asia. This agreement serves as an affirmation that our business plan for this asset class is well regarded.
Alf C Thorkildsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE

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