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