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SeaDrill Limited : received letter of award for deepwater semi-submersible

04/30/2012 | 03:00am US/Eastern

Hamilton, Bermuda, April 30, 2012 - Seadrill has received a letter of award for a new three year contract for a semi-submersible for operations offshore West Africa with a reputable oil company, contract starting second quarter 2013. The total potential contract revenue based on 97% utilisation is estimated to approximately USD 710 millions and includes a performance bonus arrangement. The letter of award is subject to final approval by the charterers Board  to be lifted no later than May 16th.
 
Seadrill total order backlog is after this increased to approximately USD 13.3 billion.


Contacts

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

HUG#1607213
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