HAMILTON, Bermuda, Aug. 17, 2006 (PRIMEZONE) -- Norsk Hydro has awarded Seadrill a letter of intent for the provision of wireline services on the Norwegian Continental Shelf. The assignment has a duration of three years with options for three additional two-year periods. The estimated contract value for the firm period is approximately NOK 600 million, which includes work performed by subcontractors. The scope of work covers mechanical and electrical wireline services as well as well tractor services.
Manager Wireline services in Seadrill Offshore AS Helge Sorheim says:
"This milestone contract confirms our good long-term relationship with Hydro and reinforces the Company's strong commitment to the well maintenance and intervention market."
Seadrill Limited Hamilton, Bermuda August 17, 2006