Seadrill Limited
OSLO : SDRL

January 19, 2012 10:01 ET

SDRL - North Atlantic Drilling secures extension of contract for West Navigator

HAMILTON, BERMUDA--(Marketwire - Jan 19, 2012) -



Hamilton, Bermuda, January 19, 2012 - North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell. This contract extension will secure employment for West Navigator until end of June 2014. The estimated revenue value for the contract extension is US$320 million.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "Shell's decision to extend the contract for West Navigator reflects the performance of the drillship and a tightening market for quality drilling units in the North Atlantic area. We are very pleased to further enhance our relationship with Shell as a key client and increase the earnings visibility for our Company."

Seadrill has a 77% ownership interest in North Atlantic Drilling Ltd.




This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.






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Source: Seadrill Limited via Thomson Reuters ONE

[HUG#1578823]

Contact Information

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

    Media contact
    Esa Ikaheimonen
    Chief Financial Officer
    Seadrill Management AS
    +47 51 30 99 19