Seadrill has been awarded a one-year extension by Total for the self-erecting tender rig T8. The contract extension is in direct continuation of existing operations and is expected to keep the unit employed until May 2009. The estimated value of the contract extension is US$45 million. T8 is currently performing production drilling offshore Congo, West Africa.
Analyst contact:
Jim Dåtland, Investor Relations Manager +47 51 30 99 19
Media contact:
Trond Brandsrud, Chief Financial Officer +47 51 30 99 19
Seadrill Limited
Hamilton, Bermuda
November 16, 2007