Seadrill has been awarded a letter of award by A/S Norske Shell, on behalf of the operator Hydro, for the assignment of the deepwater drillship West Navigator on the Ormen Lange field in the Norwegian Sea.
The contract has a duration of four years, and estimated contract value is approximately US$810 million.
West Navigator is currently operating for Shell at the Ormen Lange field under a well by well contract with an estimated duration including options to April 2009. The new contract replaces the current contract with effect from January 1, 2009.
Analyst contact:
Trond Brandsrud
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19
Media contact:
Kjell E Jacobsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19
Seadrill Limited
Hamilton, Bermuda
June 25, 2007