Seadrill Limited (OSL:SDRL) The Seadrill operated tender rig T9 has been awarded a three-year contract extension with ExxonMobil. The contract extension value is approximately US$152 million. Commencement of the extension is scheduled to mid January 2009.

Seadrill controls 49 percent in Varia Perdana which owns the T9 tender rig.



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

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