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

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

Hamilton,  Bermuda,  June  28,  2013  -  Seadrill  Limited  ("Seadrill")   and 
SapuraKencana Petroleum  Berhad ("SapuraKencana")  today announce  that  their 
jointly owned entity, Sapura Navegação Marítima S.A., Brazil ("SNM") has  been 
awarded a contract from Petróleo 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.

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Source: Seadrill Limited via Thomson Reuters ONE
HUG#1712870