SOURCE: Seadrill Limited

April 30, 2008 11:14 ET

DISCLOSURE REGARDING SCORPION OFFSHORE LTD

HAMILTON, NORWAY--(Marketwire - April 30, 2008) - On April 30, 2008, Seadrill Limited sold 8.1 million shares in Scorpion Offshore Ltd and simultaneously entered into a forward contract for the equivalent number of shares with due date on July 7, 2008. Following these transactions, Seadrill controls 19,494,700 shares corresponding to 36.0 percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd of 54,131,928 shares.

Seadrill Limited
Hamilton Bermuda
April 30, 2008

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Contact Information

  • P.O. Box HM 1593, Par-la-Ville Place, 14 Par-la-Ville Road
    HM 08 Hamilton
    Bermuda
    Tel: +1 441 295 6935
    Fax: +1 441 295 3494
    http://www.seadrill.bm