HAMILTON, Bermuda, May 16, 2006 (PRIMEZONE) -- Reference is made to the stock exchange disclosure regarding the Option Program for SeaDrill released on Friday May 12, 2006. Please note that the correct share holding for John Fredriksen in SeaDrill is 130,830,916 shares, not 124,441,996 as stated in the disclosure, and that Pal Nordgren currently holds 62,000 shares, not 77,000 shares as previously reported.