SOURCE: Seadrill Limited

September 11, 2009 02:59 ET

SDRL - Petromena NOK2,000 million bond partial repayment

HAMILTON, BERMUDA--(Marketwire - September 11, 2009) -

The Norwegian Trustee (Norsk Tillitsmann ASA) has informed Seadrill Limited that a partial repayment of the Petromena NOK 2,000 million 9.75% Bond, of which Seadrill currently holds 81.1 percent, was received by the Trustee for the benefit of the bondholders on September 10, 2009. Seadrill expects near term to receive from the Bond Trustee an amount of US$104 million. This payment will increase Seadrill's dividend capacity in the second half of 2009.

Analyst contact
Jim Daatland
VP 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
September 11, 2009

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