SDRL takes delivery of two deepwater drilling rigs

Seadrill took delivery of the deep water drilling rigs ?West Phoenix? and ?West Sirius? from the Samsung Shipyard in South Korea and Jurong Shipyard in Singapore, respectively.

?West Sirius? was delivered within 30 days from original delivery schedule, while ?West Phoenix?, due to customer initiated modifications, was delivered approximately three months after original contract date. Both drilling rigs were delivered with only minor deviation to the budget which was agreed when the rigs were fixed to the charterer.

The units will proceed for mobilization, and estimated time of arrival for ?West Phoenix? in the North Sea is in the beginning of the third quarter 2008, and estimated time of arrival for ?West Sirius? in the Gulf of Mexico at the end of the second quarter 2008.

The new drilling rigs are both sixth generation, deep water, state of the art drilling units and some of the most advanced drilling rigs ever built, based on proven designs and performance. Built to a high specification focusing on a broader specter of capabilities, a larger operating area, a high load carrying capacity, decreased dependence on frequent supplies, efficiency and improved safety and working environment as well as a special environmental focus, minimizing the exposure to the environment. The drilling units are designed with a dynamic positioning system and a water depth capability up to 3,000 meters. In addition, West Phoenix is designed with a dual derrick and is constructed for winter operations in northern and arctic areas.