SDRL - Seadrill orders a new tender rig

SDRL - Seadrill orders a new tender rig

ID: 134207

(Thomson Reuters ONE) -


Hamilton, Bermuda, April 12, 2012 - Seadrill has exercised an option to build a
new tender rig at the COSCO Nantong Shipyard in China. The new unit, T18, is
scheduled for delivery in the fourth quarter 2013. Total project price is
estimated at US$135 million, including project management, drilling and handling
tools, spares, and capitalized interest.

T18 is similar to the three tender rigs Seadrill ordered from COSCO last year,
with enhanced drilling capabilities allowing for higher drilling efficiency
including the advantage of a light weight drilling equipment set.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS says, "We
are pleased to announce a further addition to our market leading fleet of 20
tender rigs. The tender rig business continues to deliver excellent operational
results. Based on the further strengthening of the offshore drilling market we
continue to see compelling investment opportunities that will provide solid
earnings growth for Seadrill."

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


Contact
Esa Ikäheimonen
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19







This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
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originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE
[HUG#1601755]




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Bereitgestellt von Benutzer: hugin
Datum: 12.04.2012 - 08:24 Uhr
Sprache: Deutsch
News-ID 134207
Anzahl Zeichen: 1935

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