HAMILTON, Bermuda, Sept. 8, 2006 (PRIMEZONE) -- Seadrill has been awarded a letter of intent by Coogee Resources in Australia for the jack-up drilling rig West Atlas (Seadrill 1), currently under construction. The contract has a duration of 12 months with a possibility for extension up to a further 12 months. The contract value for the fixed part of the assignment is estimated to approximately US$96 million. Start-up of operations is planed in the fourth quarter 2007, following delivery.
Seadrill Limited Hamilton, Bermuda September 8, 2006