Seadrill Limited : SDRL - Seadrill Secures Contract for Jack-up Rig West Freedom

   Seadrill Limited : SDRL - Seadrill Secures Contract for Jack-up Rig West
                                   Freedom

Hamilton, Bermuda, July 11, 2013- Seadrill Limited ("Seadrill") has secured a
new contract for the LT-Super 116E jack-up rig West Freedom offshore Venezuela
with Cardon IV Venezuela, an ENI SpA and REPSOL joint venture. The contract
is for a firm period of 30 months plus an option for a 6 month extension at
mutually agreed rates. The potential revenue for the primary contract term is
approximately US$222 million inclusive of an estimated $8.5 million of
mobilization. The West Freedom is currently operating in Qatar and will
likely be available to commence its charter in late September 2013.

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#1715755
 
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