SeaDrill Limited announced that Bert Bekker and Paul Leand Jr. have been appointed to its board of directors to fill vacancies that exist on the Board. Mr. Bekker has worked in the heavy marine transport industry since 1978, as both a director and executive. Mr. Bekker has served as a director of Wilh. Wilhelmsen Netherlands B.V. since July 2003 and Seadrill Partners LLC since September 2012. Mr. Leand has led numerous restructuring and M&A transactions in the maritime industry since 1989. Mr. Leand has been Managing Director and Chief Executive Officer at AMA Capital Partners LLC since 2004 and holds a number of directorships including, Ship Finance International Limited since December 2003, Golar LNG Partners since March 2011, and North Atlantic Drilling since February 2012.

Seadrill has signed a contract with LLOG Bluewater Holdings, LLC, for employment of the new-build drill-ship, West Neptune, offshore Gulf of Mexico. The contract duration is a minimum of three years plus an option for a one-year extension at mutually agreed rates. The potential revenue for the primary contract term is approximately $662 million. The West Neptune is expected to be delivered to Seadrill from the Samsung Heavy Industries shipyard in Geoje, South Korea, in early June 2014. The rig will be outfitted to work in up to 10,000' of water and is capable of water depths up to 12,000' and drilling depths up to 37,000'.

SeaDrill Limited is looking for acquisition opportunities. SeaDrill has the financial flexibility to grow in the jack-up and ultra-deepwater markets, either through organic growth or acquisitions.