Killajoules

Seadrill orders two new ultra-deepwater drillships for delivery in 2014
Seadrill has in the last year seen a surge in long-term demand for tender rigs and modern ultra-deepwater drilling rigs. The increased demand for ultra-deepwater rigs has been driven by high oil prices and significant exploration successes in both new as well as established deepwater regions leading to a ramp-up in drilling programs. The growth in rig demand has been particularly strong in the US, East and West Africa regions. In addition to oil price and exploration successes, the industry's focus on safety following the Macondo accident, has supported demand for higher specification rigs as well as leading to increased drilling time per well.

Seadrill orders two new ultra-deepwater drillships for delivery in 2014
Seadrill has in the last year seen a surge in long-term demand for tender rigs and modern ultra-deepwater drilling rigs. The increased demand for ultra-deepwater rigs has been driven by high oil prices and significant exploration successes in both new as well as established deepwater regions leading to a ramp-up in drilling programs. The growth in rig demand has been particularly strong in the US, East and West Africa regions. In addition to oil price and exploration successes, the industry's focus on safety following the Macondo accident, has supported demand for higher specification rigs as well as leading to increased drilling time per well.

SDRL - Seadrill secures contracts for three jack-up rigs
Seadrill has secured new contracts for the three jack-up rigs Offshore Mischief, Offshore Defender, and West Leda. The aggregated revenue potential is estimated at US$311 million inclusive of mobilization fees and assignment specific rig modifications.

SDRL - North Atlantic Drilling secures extension of contract for West Navigator
North Atlantic Drilling has been awarded an 18 month contract extension for the drillship West Navigator by A/S Norske Shell. This contract extension will secure employment for West Navigator until end of June 2014. The estimated revenue value for the contract extension is US$320 million.

SDRL - Seadrill secures contract for semi-tender newbuild
Seadrill has been issued a letter of award by Hess Equatorial Guinea, Inc. to enter into an eight well drilling contract offshore Equatorial Guinea for the semi-tender rig West Esperanza. The anticipated contract duration is a minimum of 18 months, with corresponding potential revenues of approximately $127 million plus mobilization fee. West Esperanza, which Seadrill ordered on speculation in June 2011, is currently under construction at Keppel FELS yard in Singapore. Construction is scheduled for completion in early second quarter of 2013. Following mobilization from Singapore to Equatorial Guinea, the rig is scheduled to commence operation at the end of the second quarter of 2013.

SDRL - Seadrill secures a two-year contract extension for the ultra-deepwater semi-submersible rig West Aquarius
Seadrill has been awarded a two-year extension for the ultra-deepwater semi-submersible rig West Aquarius which is currently operating in Asia under a worldwide contract for ExxonMobil. It is anticipated that the extension period will primarily involve operations in the North Atlantic area.

Seadrill secures a one-year contract for the ultra-deepwater newbuild West Leo
Tullow Oil Ghana Ltd., a subsidiary of Tullow Oil plc has awarded Seadrill a one-year contract for operations offshore Ghana with the newbuild ultra-deepwater semi-submersible rig West Leo. The potential contract revenue for the one-year period is US$204 million which includes US$18 million in mobilization revenue. In addition, the rig can earn a daily performance bonus of up to 10 percent.

Seadrill secures a five-year contract for the ultra-deepwater newbuild West Capricorn
Seadrill has entered into a Memorandum of Understanding with a major oil company for a five-year contract for operations in North America with the ultra-deepwater semi-submersible rig West Capricorn. The potential contract value for the firm five-year period is US$919 million, which includes a US$30 million mobilization fee. The oil company has the right to extend the contract term for two additional one-year periods.

SDRL - Four-year contract secured for ultra-deepwater semi West Hercules
A four-year contract has been secured for the ultra-deepwater rig West Hercules for operations for harsh environment for the international energy company Statoil. The potential contract revenue value is US$787 million, including US$50 million in mobilization fee. Statoil has in addition, the right to extend the contract for an additional one-year period.

Seadrill sells the jack-up rig West Janus
Seadrill has entered into an agreement to sell the 1985 built jack-up drilling rig West Janus to Harrington LLC in Dubai for a total consideration of US$73 million.