SOURCE: Seadrill Limited

January 17, 2008 02:52 ET

Disclosure regarding Scorpion Offshore Ltd

HAMILTON, BERMUDA--(Marketwire - January 17, 2008) -



On January 16, 2008, Seadrill purchased 500,000 shares in Scorpion Offshore Ltd. at an average price of NOK61.95. Following these transactions Seadrill controls 8,532,300 shares, corresponding to15.93 percent of the outstanding shares in Scorpion Offshore Ltd.

The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd of 53,549,279 shares.



Seadrill Limited
Hamilton Bermuda
January 16, 2008


Analyst contact:
Jim Dåtland
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19

Media contact:
Trond Brandsrud
Chief Financial  Officer
Seadrill Management AS
+47 51 30 99 19


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