Offshore staff

Statoil has awarded Seadrill a contract for the ultra large jackup, West Epsilon, offshore Norway. The contract duration will either be two years firm with an option for another two years, or three years firm with an option for an additional year.

Statoil has a 30 day period to decide on the length of the firm contract. The estimated contract value of the firm period is either $241 million or $334 million, respectively.

6/16/06