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Tuesday, 04/29/2008 5:09:13 AM

Tuesday, April 29, 2008 5:09:13 AM

Post# of 1210
SDRL - New four-year contract for tender rig in Malaysia

Seadrill has been awarded a four-year contract by Petronas Carigali Sdn Bhd in Malaysia with immediate commencement for the self-erecting tender rig Teknik Berkat, in which Seadrill has a 49 percent ownership interest. The estimated contract value is approximately US$182 million. The agreement includes early termination and immediate release of Teknik Berkat from the current contract with CarigaliHess.


Analyst contact:
Jim Dåtland, Vice President Investor Relations +47 51 30 99 19

Media contact:
Trond Brandsrud, Chief Financial Officer +47 51 30 99 19

Seadrill Limited
Hamilton, Bermuda
April 28, 2008

SDRL Published: 21:50 28.04.2008 GMT+2 /HUGIN /Source: Seadrill Limited /OSE: SDRL /ISIN: BMG7945E1057

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