North Atlantic Drilling Ltd has been awarded a six firm well contract with VNG Norge for the semi-submersible West Phoenix for work on the Fenja development in the Norwegian Sea. In addition, the contract provides for three optional wells prior to the fixed term period and three optional wells after the fixed term period. The firm period is expected to commence in early 2020. The backlog for the firm period of the contract is estimated to be approximately US$ 80 million.

The award is subject to government approval of the development plan which is expected in the first half of 2018.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

About North Atlantic Drilling Ltd.

North Atlantic Drilling is a leading offshore harsh environment 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 has a fleet of eight harsh environment units in operation and one new build under construction. North Atlantic Drilling has some 600 skilled and highly competent employees.
North Atlantic Drilling is a 70.4 percent owned subsidiary of Seadrill Limited, and has its shares listed on the NYSE.

About VNG Norge

VNG Norge AS is a wholly owned subsidiary of Leipzig-based VNG – Verbundnetz Gas AG, and is responsible for the VNG Group’s oil and gas production. The VNG Group is active throughout the value chain of the German and European natural gas industry and focuses on the four key business areas of exploration and production, trading and services, transport, and storage.