StatoilHydro has exercised the right to extend the contract for the heavy duty jack-up drilling rig West Epsilon by one year. The estimated value of the contract extension is approximately US$116 million. The contract extension will keep the unit employed until November 2010.
Analyst contact:
Jim Dåtland, Vice President Investor Relations +47 51 30 99 19
Media contact:
Trond Brandsrud, Chief Financial Officer +47 51 30 99 19
Seadrill Limited
Hamilton, Bermuda
January 2, 2008