Seadrill received letter of award for deepwater semi-submersible
Hamilton, Bermuda, April 30, 2012 - Seadrill has received a letter of award for
a new three year contract for a semi-submersible for operations offshore West
Africa with a reputable oil company, contract starting second quarter 2013. The
total potential contract revenue based on 97% utilisation is estimated to
approximately USD 710 millions and includes a performance bonus arrangement. The
letter of award is subject to final approval by the charterers Board to be
lifted no later than May 16th.