Seadrill Secures Further Employment for Jack-Up

Seadrill has agreed to a new assignment with Premier Natuna Sea BV in Indonesia for the jack-up Seadrill 5. The assignment is for five wells offshore Indonesia and commencement is scheduled for May 2007 in direct continuation of the rig's current commitments with APD. The duration of the contract is estimated at 135 days with a corresponding contract value of approximately $26.3m.