HAMILTON, Bermuda, Dec. 8, 2006 (PRIME NEWSWIRE) -- Seadrill has been awarded a letter of intent by A/S Norske Shell, on behalf of the operator Norsk Hydro, for the assignment of the deepwater drillship West Navigator on the Ormen Lange field in the Norwegian Sea.
The contract has a duration of four years and nine months (1733 days), and estimated contract value is approximately US$806 million. The commencement is scheduled for October 1, 2007. The assignment is subject to approval by the Ormen Lange project partners.
West Navigator is currently operating for Shell at the Ormen Lange field.
Seadrill Limited Hamilton, Bermuda December 8, 2006