Seadrill Limited (OSL:SDRL) SDRL - Seadrill Strengthens The Corporate Management Team

Seadrill Limited (OSL:SDRL) Seadrill today announces further strengthening of the Company's corporate management team and has appointed Per Wullf as Executive Vice President and Chief Operating Officer in Seadrill Management AS, based in Stavanger, Norway. Mr Wullf has 28 years of international experience in the drilling industry. He has held senior technical, commercial, and operational positions in Maersk Drilling, most recently as Managing Director of Maersk Drilling in Norway.

Alf C Thorkildsen, President and CEO of Seadrill Management AS, commented: "We are very pleased that Per Wullf is joining Seadrill. His diverse operational experience and strong leadership skills will strengthen our ability to grow the Company as he will focus on our operational excellence."

Analyst contact: Jim Dåtland, Vice President Investor Relations, Seadrill Management AS +47 51 30 99 19

Media contact: Alf C Thorkildsen, Chief Executive Officer, Seadrill Management AS +47 51 30 99 19

Seadrill Limited Hamilton, Bermuda December 18, 2007

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Seadrill Limited

http://www.seadrill.bm

ISIN: BMG7945E1057

Stock Identifier: XOSL.SDRL