SOURCE: Seadrill Limited

March 10, 2008 04:03 ET

SEADRILL LIMITED: DISCLOSURE REGARDING SCORPION OFFSHORE LTD

HAMILTON, BERMUDA--(Marketwire - March 10, 2008) -



On March 7, 2008, Seadrill sold 5,102,400 shares in Scorpion Offshore Ltd and simultaneously entered into a forward contract for the equivalent number of shares with due date on June 18, 2008. Following these transactions, Seadrill controls 11,394,700 shares corresponding to 21.05 percent of the outstanding shares.

The total ownership percentage has been calculated based on an issued share capital in Scorpion Offshore Ltd of 54,131,928 shares.



Seadrill Limited
Hamilton Bermuda
March 10, 2008

Jim Dåtland
Tel.: 0047 51 30 99 19



Copyright © Hugin AS 2008. All rights reserved.

Contact Information