Seadrill Announces 2Q 2007 Earnings Release and Conference Call Information


HAMILTON, Bermuda, Aug. 7, 2007 (PRIME NEWSWIRE) -- Seadrill's second quarter 2007 results is scheduled to be released on Monday, August 27, 2007. In connection with the earnings release, a teleconference/webcast will be held as described below:

TELECONFERENCE AND WEBCAST

A conference call will be held at 5:00 P.M. (Norwegian time) on Monday August 27, 2007.

To listen to the management presentation of the results, the following options are available:

A. Webcast

Go to the Investor Relations section at www.seadrill.com and click on the link to "Webcast". In order to listen to the conference call on the web, you need to have installed Windows Media Player and a sound card on your computer.

B. Teleconference

Call-in numbers: Norway Free call 800 193 95; International call +44 1452 552 510; UK Free call 0800 694 2370; USA Free call 1866 966 9444.

The participants will be asked for their name and conference ID. The Seadrill conference ID is 11992113

There will be a Q&A session subsequent to the presentation. Information on "how to ask management questions" will be given at the beginning of the Q&A session.

In order to view the presentation held while listening to the conference, please download the presentation material from www.seadrill.com

If you are unable to participate in the call, there is an opportunity to listen to a replay of the conference call on www.seadrill.com (Investor Relations) or to listen to a playback by dialing:

International: +44 1452 55 00 00. UK Free call: 0800 953 1533. USA Free call: 1866 247 4222 - followed by replay access number: 6583126#.

Participant list information required: full name & company. Replay will be available for seven days.