Seadrill Spins Bit Offshore Brazil

Seadrill informed that the ultra-deepwater semi-submersible rig West Orion has commenced drilling operations for Petrobras offshore Brazil. West Orion, which was delivered from Jurong Shipyard in Singapore on April 20 this year, arrived offshore Brazil in early July and has since the been preparing for start-up of operations. West Orion is chartered to Petrobras under a six-year contract for operations offshore Brazil.

Alf C Thorkildsen, Chief Executive Officer, said, "In April 2008, we entered into an agreement with Petrobras for operations of three ultra-deepwater rigs offshore Brazil. We are pleased to report that the third rig West Orion now has commenced operations in line with the agreed schedule. This strengthens our operational presence in one of the most important and promising regions for ultra-deepwater drilling."

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