Seadrill Gets Contract for West Aquarius

Monday, August 20, 2007
Reference is made to the Letter of Intent disclosed to the Oslo Stock Exchange July 10, 2007 regarding the assignment awarded to the ultra deepwater semi-submersible drilling unit West Aquarius. Seadrill confirms that the operator ExxonMobil has signed the award for the long-term contract to utilize West Aquarius for international exploration activities. The contract has a firm duration of three years and estimated contract value is approximately $570m. West Aquarius is currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea and is scheduled for commencement of operations at the end of the third quarter of 2008.
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Contracts

Skangass Granted Permission for LNG Terminal

The Swedish Government (Länsstyrelsen in Dalarnas Län) has granted Skangass permission to build and operate a new Terminal for LNG (Liquefied Natural Gas) within the harbour in Gävle, Sweden.

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