Newfield contracts semi West Berani

July 31, 2006
Newfield Peninsula Malaysia contracted with SeaDrill Ltd. for the semisubmersible West Berani. for two years starting January 2007.

Offshore staff

HAMILTON, Bermuda -- Newfield Peninsula Malaysia contracted with SeaDrill Ltd. for the semisubmersible West Berani. for two years starting January 2007.

The contract value is estimated at $87 million for the rig, which currently is under construction with a 4Q06 completion date. Duration of the agreement is two years.

7/31/06