SOURCE: Seadrill Limited

October 17, 2008 03:47 ET

SDRL - Mandatory notification of trade

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

Drew Investment Ltd, a company controlled by Seadrill Director Tor Olav Trøim, has through market purchases October 16, 2008 purchased 25,000 ordinary shares in Seadrill Limited at a price of NOK60.12 per share.

Trøim's direct and indirect holding in Seadrill Limited following this transaction is 350,000 shares and 275,000 options. Trøim controls in addition TRS agreements with exposure to totally 400,000 shares in Seadrill Limited.

Seadrill Limited
Hamilton, Bermuda
October 16, 2008

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Contact Information

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