Watch Live

Tweet TWEET

Seadrill Limited : SDRL - Seadrill Limited closes the tender rig T15 transaction

     Seadrill Limited : SDRL - Seadrill Limited closes the tender rig T15
                                 transaction

SDRL - Seadrill Limited closes the tender rig T15 transaction

Hamilton, Bermuda, May 17, 2013 - We refer to the press release dated May 7,
2013, which announced the transaction to sell the T-15 Tender rig.

Seadrill Limited ("Seadrill" or "The Company") has today completed the
previously announced transaction to sell the T-15 tender rig to Seadrill
Partners.

The agreed upon sale is for a total price of US$210 million, less
approximately US$100 million of debt outstanding under the credit facility
secured by the T-15. The balance of the total consideration is being financed
with vendor financing provided by Seadrill in the form of a loan in the amount
of approximately US$110 million.

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#1702892