SDRL - Heads of Agreement for potential puchase of Songa

SDRL - Heads of Agreement for potential puchase of Songa Eclipse 
HAMILTON, BERMUDA -- (Marketwire) -- 10/22/12 --  Seadrill has
entered into a Heads of Agreement ("HoA") with Songa Offshore SE for
a potential purchase of the ultra
deepwater semi-submersible rig
"Songa Eclipse".  The HoA has certain subjects,
hereunder board
approval from Seadrill and Songa. A key element in the HoA is
that
Seadrill is granted exclusivity up to 15 November 2012 to carry out a
due
diligence of all adequate issues related to the "Songa
Eclipse". 
This information is subject of the disclosure
requirements pursuant to section
5-12 of the Norwegian Securities
Trading Act. 
This announcement is distributed by Thomson Reuters
on behalf of Thomson Reuters clients. The owner of this announcement
warrants that: 
(i) the releases contained herein are protected by copyright and    
other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and     
originality of the information contained therein. 
Source: Seadrill Limited via Thomson Reuters ONE 
[HUG#1650926] 
Analyst contact
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management AS
+47 51 30 99 19 
Media contact
Alf Thorkildsen
Chief Executive Officer
Seadrill Management AS
+47 51 30 99 19
 
 
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