Seadrill has been awarded a contract by Candax Energy Inc. through its subsidiary Ecumed Petroleum Tunisia Limited for an assignment in Tunisia with the jack-up drilling rig West Titania. The three wells plus one re-entry firm assignment has an estimated duration of 120 days, excluding mobilization from West Africa. Total contract value is estimated to approximately US$18 million, excluding mobilization. Start-up of operations is scheduled in the beginning of June 2007.
Analyst contact:
Jim Dåtland
Vice President Investor Relations
Seadrill Management AS
+47 51 30 99 19
Media contact:
Alf C Thorkildsen
Chief Operating Officer
Seadrill Management AS
+47 51 30 99 19
Seadrill Limited
Hamilton, Bermuda
April 23, 2007