SDRL - Seadrill orders two jack-ups for delivery in 2015

SDRL - Seadrill orders two jack-ups for delivery in 2015 
HAMILTON, BERMUDA -- (Marketwire) -- 02/01/13 --  Seadrill has
entered into an agreement for
the construction of two high
specification jack-up drilling rigs with Dalian
Shipbuilding Industry
Offshore Inc. (DSIC Offshore) in China. The new units are
for delivery during the first and second quarter 2015, and the
estimated total project price is approximately US$230 million
(including project
management, capitalized interest, drilling and
handling tools, spares and operation preparations) per rig, with
tail-heavy payment terms. 
The two new units will be based on the F&G JU2000E design, with water
depth capacity of 400ft and drilling depth of 30,000ft. Seadrill has
in addition received fixed price option agreements to construct an
additional two units at
Dalian, with delivery in the third and fourth
quarter 2015. The new jack-ups are of the same design as the four
jack-ups currently under construction by Seadrill
at Dalian and
Jurong, Singapore. 
John Fredriksen, Chairman and President of Seadrill Limited, says in
a comment,
"These newbuilds position us for additional growth in a
strengthening jack-up
market, providing further earnings upside for
Seadrill. The premium jack-up market continues to demonstrate
strength as evidenced by increasing dayrates and utilizations. 
Customers continue show preference for newer units from
contractors with proven track records of safe and efficient
operations. Currently 312 jack-ups or 65% of the total fleet of 483
jack-ups are older than 25 years. These two new firm orders increases
our fleet of modern
jack-ups to 25 rigs with an average age of 3
years, and further strengthens our
position as the leading operator
of premium modern, high-quality drilling units. 
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
(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 
Media contact
Fredrik Halvorsen
Chief Executive Officer
Seadrill Management Ltd
+44 20 7284 5530 
Analyst contact
Rune Magnus Lundetrae
Chief Financial Officer
Seadrill Management Ltd
+47 51 30 91 26
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