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SDRL - Seadrill Limited Announces Closing of Public Offering and Private Placement of Seadrill Partners LLC

SDRL - Seadrill Limited Announces Closing of Public Offering and Private
Placement of Seadrill Partners LLC

HAMILTON, Bermuda, Dec. 9, 2013 (GLOBE NEWSWIRE) -- Seadrill Limited
("Seadrill") (NYSE:SDRL) announced today that it has completed its purchase
from Seadrill Partners LLC ("Seadrill Partners") of 3,394,916 common units,
representing liability company interests in Seadrill Partners, at a price of
$29.50 per common unit in a private placement.

In addition, Seadrill  Partners closed  its previously  announced offering  of 
12,880,000 common units in a public offering  at a price of $29.50 per  common 
unit (including  1,680,000 common  units sold  pursuant to  the  underwriters' 
over-allotment option).

Seadrill Partners intends to use the net proceeds from the public offering and
the concurrent  private  placement  to Seadrill  to  fund  Seadrill  Partners' 
portion of the cash purchase price in connection with the previously announced
proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings
LLC of the semi-submersible drilling rigs,  the West Leo and the West  Sirius, 
respectively.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy the securities described herein,  nor shall there be any sale  of 
these securities  in  any  state  or jurisdiction  in  which  such  an  offer, 
solicitation or sale would be unlawful prior to registration or  qualification 
under the securities laws of any such jurisdiction.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

HUG#1748733

CONTACT: Seadrill
         +47 51 30 99 00