SOURCE: Seadrill Limited

June 18, 2008 11:26 ET

Disclosure regarding Scorpion Offshore Ltd

HAMILTON, BERMUDA--(Marketwire - June 18, 2008) - On June 18, 2008, Seadrill Limited closed previous forward contacts for 11, 394,700 shares in Scorpion Offshore Ltd and simultaneously entered into a forward contract for the equivalent number of shares with due date on December 18, 2008. Following these transactions, Seadrill controls19,494,700 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 54,205,156 shares.

Copyright © Hugin AS 2008. All rights reserved.

Contact Information

  • Jim Daatland
    VP Investor Relations
    Seadrill Management AS
    +47 51 30 99 19