SDRL - Extension of non-binding agreement with SapuraKencana

SDRL - Extension of non-binding agreement with SapuraKencana 
HAMILTON, BERMUDA -- (Marketwire) -- 01/21/13 --  Reference is made
to the press release dated November 5 , 2012, regarding a non-binding
agreement for integrating Seadrill's tender rig business into
SapuraKencana Petroleum Bhd. Seadrill and
SapuraKencana have made
solid progress in the first part of the due diligence
and have agreed
to extend the validity period of the agreement to February 8, 2013,
to facilitate the ongoing finalization of the due diligence and
negotiations for the terms of the sale agreement and related
transaction agreement(s) in relation to the proposed transaction. 
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#1671700] 
Media contact
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management AS
+47 51 30 91 26 
Analyst contact
Ragnvald Kavli
Investor Relations Manager
Seadrill Management AS
+47 51 30 96 27