SDRL - North Atlantic Drilling Ltd. announces extension of contract for West Epsilon

Hamilton, Bermuda, December 21, 2012 - North Atlantic Drilling Ltd., a majority owned subsidiary of Seadrill Limited, announced today that Statoil has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from December 2014 to December 2016. The estimated value of the contract extension is US$215 million.

Media contact
Rune Magnus Lundetræ
Chief Financial Officer
Seadrill Management AS
+47 51 30 91 26     

Analyst contact
Ragnvald Kavli
Investor Relations Manager
Seadrill Management AS
+47 51 30 96 27    


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

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