SOURCE: Seadrill Limited

October 06, 2009 02:47 ET

SDRL - Seadrill secures new contract for jack-up West Prospero

HAMILTON, BERMUDA--(Marketwire - October 6, 2009) -

Seadrill has been awarded a two-well contract by Red Sea Petroleum Operating Company Limited (RSPOC) for the jack-up rig West Prospero. The assignment is for operation offshore Sudan with mobilization scheduled for December this year. The drilling assignment is expected to take some six months and the estimated contract value is approximately US$49.9 million inclusive of mobilization and demobilization. West Prospero, which is currently idle in Indonesia, will be upgraded with high pressure, high temperature (HTHP) capabilities prior to moving to Sudan on a heavy lift vessel.

Analyst contact:
Jim Dåtland
Vice President Investor Relations
+47 51 30 99 19

Media contact:
Trond Brandsrud
Chief Financial Officer
+47 51 30 99 19

Seadrill Limited
Hamilton, Bermuda
October 6, 2009

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