Seadrill Limited (SDRL) has received a three year contract extension from Saudi Aramco for the jack-up AOD III expiring in December 2019. The extension is in direct continuation of the current contract and will add approximately $112.5 million in contract backlog.

This extension follows the three year extensions of the AOD I and AOD II announced on July 29, 2016. The three units have been working for Saudi Aramco since 2013 and Seadrill is pleased to continue its long term relationship with Saudi Aramco.

About Seadrill

Seadrill is a leading offshore deepwater drilling company, aiming to be our customers' most important partner in making oil and gas available in a safe and cost-effective manner.

The company operates a versatile fleet of 69 units that comprises drillships, jack-up rigs, semi-submersible rigs and tender rigs for operations in shallow to ultra-deepwater areas in harsh and benign environments.

About Saudi Aramco

Saudi Aramco is a world leading integrated energy and chemicals company. We are driven by our core belief that energy is opportunity. From producing approximately one of every eight barrels of the world’s crude oil supply to developing new energy technologies, our global team is dedicated to creating positive impact in all that we do. We focus on making our resources more sustainable and more useful. This promotes long-term economic growth and prosperity around the world.