SDRL - Seadrill in advanced discussions regarding new five-year ultra-deepwater contract
(Thomson Reuters ONE) -
Hamilton, Bermuda, June 4, 2012 - Seadrill is in advanced discussions
regarding a new five-year contract for the drillship West Polaris. This new
contract will start in direct continuation of the existing assignment which is
scheduled to be completed in October 2012. The potential contract revenue for
the five-year period is approximately US$1.16 billion. A final agreement is
expected within July 2012.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
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
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Limited via Thomson Reuters ONE
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