Husky Oil Awards Contract to West Hercules

Seadrill has been awarded a contract by Husky Oil China Ltd. on the Chinese continental slope for the deepwater semisubmersible drilling rig West Hercules.

The contract has a firm duration of three years with estimated contract value of approximately US $580 million, including mobilization fee.

West Hercules is currently under construction at Daewoo Shipyard in South Korea and is scheduled for delivery in the second quarter 2008.

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