HAMILTON, Bermuda, Sept. 13, 2006 (PRIMEZONE) -- Seadrill has been awarded a contract by Chevron for extension of the production drilling assignment for the self-erecting tender rig T4. The contract extension has a duration of five years. The estimated contract value is approximately US$156 million. The commencement of the new contract is scheduled for second quarter 2008 following a five-year survey after completion of the current contract. T4 is currently operating offshore Thailand.
The self-erecting tender rig T11 currently under construction at MMHE in Malaysia has been awarded a five-year contract by Chevron for operations in Thailand. The contract is expected to commence in July 2008 following delivery from the yard. The estimated contract value is US$203 million.
Seadrill Limited Hamilton, Bermuda September 13, 2006