Seadrill Limited (OSL:SDRL) SDRL - New 18 Months Contract For Jack-up Rig In Vietnam

Seadrill Limited (OSL:SDRL) Seadrill has been awarded a contract by VSP in Vietnam for the jack-up rig West Ariel. The assignment is for the drilling of 10 wells with expected duration of 18 months. Total contract value is estimated at US$105 million.

Analyst contact: Jim Dåtland Vice President Investor Relations Seadrill Management AS +47 51 30 99 19

Media contact: Trond Brandsrud Chief Financial Officer Seadrill Management AS +47 51 30 99 19

Seadrill Limited Hamilton, Bermuda September 1, 2008

Seadrill Limited

http://www.seadrill.bm

ISIN: BMG7945E1057

Stock Identifier: XOSL.SDRL