SDRL- Seadrill secures a new US$550 million credit facility

Hamilton, Bermuda, October 7, 2011 - Seadrill Limited has successfully secured
commitments from a group of commercial lending institutions and export credit
agencies for a new US$550 million senior secured credit facility. The new
facility has a tenor of five years and a 10 years amortization profile. Interest
on the loan and the set of financial covenant is in line with recent credit
facilities entered into by the Company. The ultra-deepwater semi-submersible rig
West Capricorn, which recently secured a five-year contract with a major oil
company, will be pledged as security.
 
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
 
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Source: Seadrill Limited via Thomson Reuters ONE
 
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