SOURCE: Seadrill Limited

January 14, 2008 02:41 ET

SDRL - Seadrill secures employment for jack-up in Malaysia

HAMILTON, BERMUDA--(Marketwire - January 14, 2008) -

The Seadrill jack-up drilling rig West Janus has secured new employment with a major operator in South East Asia. The assignment has a duration of three years and the estimated contract value is approximately US$164 million. Start-up of operations is scheduled in the third quarter 2008, in direct continuation of the rig's existing contractual commitments. The rig will perform a brief yard-stay later this year to prepare the rig for the new assignment. The West Janus is currently operating offshore Malaysia.

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

Seadrill Limited
Hamilton, Bermuda
January 14, 2008

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