SDRL - Seadrill orders two new jack-ups for delivery in 2012 and 2013

SDRL - Seadrill orders two new jack-ups for delivery in 2012 and 2013

ID: 45776

(Thomson Reuters ONE) -


Hamilton, Bermuda, October 18, 2010 - Seadrill has entered into an agreement for
the construction of two jack-up drilling rigs with Jurong Shipyard (JSPL) in
Singapore. The new units are scheduled for delivery in the fourth quarter 2012
and first quarter 2013 respectively, and total project price is estimated at
US$400 million, which include project management, drilling and handling tools,
spares and capitalized interest.

In addition, Seadrill has option agreements for construction of further four (4)
jack-up newbuildings with JSPL.

The two units, to be built at Jurong, represent the latest generation, high
specification jack-up drilling rigs with greater capacities and capabilities
than current conventional units. The units are based on the Friede & Goldman
JU2000E design, and are suitable for operations world wide, including the
southern North Sea. The units have the capability to operate in water depths up
to 400 ft and drill to depths of 30,000ft and offer improved drilling
efficiencies with off-line pipe handling, simultaneous operations support and
increased accommodation capacity. These jack-up rigs will be the sixth and
seventh rig orders that Seadrill has placed with JSPL, of which two are
presently under construction.

Alf C Thorkildsen, Chief Executive Officer in Seadrill Management AS, says,"
These newbuilds are an important supplement that complements our present jack-up
fleet. The orders position us for additional growth in an increasingly important
market segment that can provide further opportunities and earnings growth for
Seadrill. Including the recent acquisition of Scorpion, the company's fleet of
jack-ups, constitutes the world largest modern jack-up fleet with a total of 16
units built after 2006. The acquisition further strengthens our position as the
leading operator of modern, high quality drilling units."






Contact:
Jim Dåtland,
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19





This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)


[HUG#1452535]








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originality of the information contained therein.

Source: Seadrill Limited via Thomson Reuters ONE


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Datum: 18.10.2010 - 08:22 Uhr
Sprache: Deutsch
News-ID 45776
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