HAMILTON, Bermuda, Aug. 12, 2005 (PRIMEZONE) -- The Board of SeaDrill has, after consultations with its bankers, decided to close the subscription period for the SeaDrill private placement at 16.00 CET (Norwegian time) today.
Bermuda, August 12th 2005
Contact person: Tor Olav Troeim tel. +44 7734976575
-0-