SDRL - Seadrill and SapuraKencana announce US$2.7 billion Petrobras contract

SDRL - Seadrill and SapuraKencana announce US$2.7 billion Petrobras contract 
HAMILTON, BERMUDA -- (Marketwired) -- 06/28/13 --  Seadrill   Limited
 ("Seadrill")  and SapuraKencana  Petroleum  Berhad 
("SapuraKencana")  today  announce  that their jointly  owned entity,
Sapura  Navegacao Maritima S.A.,  Brazil ("SNM") has been awarded  a
contract from  Petroleo Brasileiro S.A.  ("Petrobras") to charter and
operate  three Pipe  Laying Support  Vessels ("PLSV's").   The
contract is for a period of eight years with an extension option for
an additional eight years and is  expected to commence by the second
quarter of 2016.  Total revenue potential for the contract is
expected to be US$2.7 billion. 
The  three vessels will be constructed in  Holland with IHC Caland
and will have the  same specifications as SNM's existing orders with
the yard. Total newbuild cost will be approximately US$800mm. 
John Fredricksen, Chairman of Seadrill Limited says, "Seadrill, along
with SapuraKencana, continues to support the strategic investment in
SNM.  The additional vessels bring the total PLSV fleet in the region
to 6 units and builds capacity in order to insure that Petrobras has
best in class support for their operations.  This long term agreement
demonstrates SNM's strong relationship with Petrobras and their
industry leading operational performance." 
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#1712870] 
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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