Deepwater rigs delivered to Seadrill

Seadrill has taken delivery of the deepwater drilling rigs West Phoenix and West Sirius from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively.

Offshore Staff

HAMILTON, Bermuda -- Seadrill has taken delivery of the deepwater drilling rigs West Phoenix and West Sirius from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively.

West Phoenix is estimated to arrive in the North Sea in 3Q 2008; West Sirius is due in the Gulf of Mexico in 2Q 2008.

Both drilling units have secured long-term contracts.West Phoenix has a three-year contract with Total Norge. West Sirius has a four-year assignment with Devon Energy Corp.

"The completion of the two newbuilding projects confirms the Seadrill organization's ability to manage complex projects within time and cost and is a great achievement for our organization and the people involved," says John Fredriksen, chairman of Seadrill. "It also confirms that the Seadrill strategy to order newbuilding units with highly reputable yards like Jurong and Samsung is paying off."

04/01/2008

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