Seadrill

Latest Seadrill News

• Seadrill generates first quarter 2012 EBITDA*) of US$595 million.
• Seadrill orders two ultra-deepwater harsh environment semi-submersible rigs, at Jurong and Hyundai, for a total consideration of US$1.3 billion.
• Consolidated revenues for the first quarter of 2012 amounted to US$1,050 million as compared to US$1,059 million in the fourth quarter 2011.

• The estimated value of the five-year contract is approximately US$235 million.

• The new rig will be a sister rig of the harsh environment semi-submersible unit Seadrill's subsidiary North Atlantic Drilling currently have under construction at Jurong Shipyard in Singapore.

• Seadrill continues to see strong demand for modern ultra-deepwater drilling rigs driven by high oil prices and large deep-water discoveries and increased development drilling.

• Seadrill total order backlog is after this increased to approximately USD 13.3 billion.

• In response to this development North Atlantic Drilling has entered into a turnkey construction contract with Jurong Shipyard in Singapore for the construction of a new harsh environment semi-submersible drilling rig.
• The new rig is scheduled for delivery in the first quarter 2015 at the latest.

• The Private Placement was closed on March 27, 2012.
• The Company has successfully placed 150,000,000 new ordinary shares at US$ 2.00 per share, raising gross proceeds of US$300 million.

• The anticipated gross proceeds of the contemplated Private Placement will be US$300 million through an issue of 150,000,000 new ordinary shares.

• Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia.
• The unit will commence its transit to the Middle East and is scheduled to start operations for Saudi Aramco in September 2012.

Seadrill Who's Who

Seadrill Offices