Seadrill Limited — Environmental & Social Information 2018

Sep 27, 2018

Seadrill Limited

e/N Rig typ am e	n/ Ge atio ner 1 typ e	Bui lt	Wa de h ter pt ( fee t)	Dri llin dep th g ( fee t)	Loc atio n
						Clie nt	Sta rt	Cur t co ren ire Exp	vi ntr act S\$ Da te U D
									yra a
i-su bm ible Sem ers s
lp ha We st A	4th -HE	198 6	2,0 00	23, 000	No rwa y	-	-	-	-
We st V ent ure	5th -HE	200 0	2,6 00	30, 000	No rwa y	-	-	-	-
hoe We st P nix	6th -HE	200 8	10, 000	30, 000	No rwa y	3 ino Equ r	/18 Sep	/18 Oct	Und iscl d ose
					UK	Equ ino r	v/1 No 8	/19 Feb	Und iscl d ose
					Nor way	3 G VN	/20 Jan	/20 Sep	Und iscl d ose
					Opt ion s	3 G VN	/20 Oct	r/2 Ma 1	Und iscl d ose
ule We st H erc s	6th -HE	200 8	10, 000	35, 000	No rwa y	3 ino Equ r	/18 Oct	Feb /19	Und iscl d ose
					Nor way	3 ino Equ r	/19 Ma y	/19 Aug	Und iscl d ose
					Opt ion s	3 ino Equ r	/19 Sep	r/2 Ma 0	Und iscl d ose
					Opt ion s	3 ino Equ r	/20 Apr	/20 Jun	4 rke t in dex ed Ma rate
We st T aur us	6th -BE	200 8	10, 000	35, 000	Spa in	-	-	-	-
We st E min enc e	6th -HE	200 9	10, 000	30, 000	Spa in	-	-	-	-
Dri ller Sev an	6th -BE	200 9	10, 000	40, 000	lays ia Ma	-	-	-	-
rion We st O	6th -BE	201 0	10, 000	35, 000	lays ia Ma	-	-	-	-
We st P ega sus	6th -HE	201 1	10, 000	35, 000	in Spa	-	-	-	-
clip We st E se	6th -BE	201 1	10, 000	40, 000	mib ia Na	-	-	-	- -
sil Sev Bra an	6th -BE	201 2	10, 000	40, 000	ba Aru	-	-	-	- -
isia Sev Lou an na	6th -BE	201 3	10, 000	40, 000	Go M	lter O& Wa G	v/1 No 8	r/1 Ap 9	Und iscl d ose -
2 Sev Dev elo an per	6th -BE		10, 000	40, 000	der tion Un nst at COS CO co ruc	-	-	-	- -
Dri llsh ips
We st N avig ato r	Ult ra-d wat eep er	200 0	00 7,5	35, 000	No rwa y	-	-	-	-
st G ini We em	Ult ra-d wat eep er	201 0	10, 000	35, 000	ola Ang	5 EN I	Jul/ 18	/19 Ma y	Und iscl d ose
					ion Opt s	5 EN I	/19 Ma y	/19 Jun	Und iscl d ose
ellu We st T s	Ult ra-d wat eep er	201 3	12, 000	40, 000	zil Bra	6 rob Pet ras	/15 Apr	/19 Oct	291 ,00 0
We st N ept une	Ult ra-d wat eep er	201 4	12, 000	40, 000	Go M	LLO G	/17 Dec	/19 Dec	155 ,00 0 -
We st S atu rn	Ult ra-d wat eep er	201 4	12, 000	40, 000	zil Bra	6,7 ino Equ r	/18 Feb	/19 Sep	207 ,60 0
					Opt ion s	6,7,8 ino Equ r	/19 Oct	r/2 Ma 1	207 ,60 0
We st J upi ter	Ult ra-d wat eep er	201 4	12, 000	40, 000	Nig eria	al Tot	/14 Dec	/19 Dec	Und iscl d ose
We st C arin a	Ult ra-d wat eep er	201 5	12, 000	40, 000	zil Bra	-	-	-	-

Seadrill Limited

e/N Rig typ am e	n/ atio Ge ner 1	Bui lt	de h Wa ter pt	Dri llin dep th g	atio Loc n
	typ e		( t) fee	( t) fee		Clie nt	Sta rt	Cur t co ren Exp ire	vi ntr act S\$ Da te U D
									yra
Jac k-u ps
We st E psi lon	Hea dut HE vy- y -	199 3	400	30, 000	No rwa y	-	-	-	-
lara We st E	Hea dut HE vy- y -	201 1	450	40, 000	No rwa y	3 Phi llip Con oco s	/18 Ma y	/18 Oct	95, 000 -
					Nor way	3 Phi llip Con oco s	/18 Oct	r/2 Ma 0	195 ,00 0
					Nor way	3 Phi llip Con oco s	/20 Apr	/27 Sep	4 rke dex ed Ma t in rate
We st L inu s	Hea dut HE vy- y -	201 4	450	40, 000	No rwa y	3,10, 11 Phi llip Con oco s	/18 Apr	/19 Ma y	205 ,00 0 -
					Nor way	3 Phi llip Con oco s	/19 Jun	/28 Dec	4 rke Ma t in dex ed rate
We st P ros per o	BE	200 7	400	30, 000	Ma lays ia	-	-	-	-
We st V igi lant	BE	200 8	350	30, 000	Ma lays ia	-	-	-	-
riel We st A	BE	200 8	400	30, 000	Sha h rja	-	-	-	-
sida We st C res	BE	200 9	375	30, 000	Tha ilan d	hir Op	Jul /18	v/1 No 8	Und iscl d ose
					Tha ilan d	hir Op	Jul /19	/20 Jan	Und iscl d ose
					Opt ion s	hir Op	Feb /20	r/2 Ma 0	Und iscl d ose
dom We st F ree	BE	200 9	350	30, 000	Col bia om	-	-	-	-
allis We st C to	BE	201 0	400	30, 000	di A rab Sau ia	di A Sau ram co	/17 Jan	v/1 No 8	120 ,00 0
eda We st L	BE	201 0	375	30, 000	lays Ma ia	-	-	-	-
We st C ast or	BE	201 3	400	30, 000	xico Me	-	-	-	-
D l AO	BE	201 3	400	20, 000	di A rab ia Sau	di A Sau ram co	/16 Jul	/19 Jun	102 ,90 0
D ll AO	BE	201 3	400	20, 000	di A rab ia Sau	di A Sau ram co	/16 Jul	/19 Jun	102 ,90 0
D ll l AO	BE	201 3	400	20, 000	di A rab ia Sau	di A Sau ram co	/17 Jan	/19 Dec	102 ,90 0
We st T uca na	BE	201 3	400	30, 000	Sha rja h	-	-	-	-
					Qat ar	Gu lf D rilli tion al Inte ng rna	/18 Oct	/19 Dec	Und iscl d ose
					Opt ion s	Gu lf D rilli tion al Inte ng rna	/19 Dec	r/2 Ap 1	Und iscl d ose
ele We st T sto	BE	201 3	400	30, 000	Ind ia	Sch lum ber ger	r/1 8 Ap	/18 Sep	Und iscl d ose
itan We st T	BE		400	30, 000	9 Und ctio Da lian tru n at er c ons	-	-	-	-
We st P rot eus	BE		400	30, 000	9 Und ctio Da lian tru n at er c ons	-	-	-	-
hea We st R	BE		400	30, 000	9 Und ctio Da lian tru n at er c ons	-	-	-	-
rion We st H ype	BE		400	30, 000	9 Und ctio Da lian tru n at er c ons	-		-	-
eth We st T ys	BE		400	30, 000	9 Und ctio lian tru n at Da er c ons	-	-	-	-
mb riel We st U	BE		400	30, 000	9 Und ctio lian tru n at Da er c ons	-	-	-	-
We st D ion e	BE		400	30, 000	9 Und ctio lian tru n at Da er c ons	-	-	-	-
We st M ima s	BE		400	30, 000	9 Und ctio lian tru n at Da er c ons	-	-	-	-

Seadrill Partners LLC*

e/N Rig typ am e	n/ atio Ge ner 1	Bui lt	de h Wa ter pt	Dri llin dep th g	atio Loc n		vi
	typ e		( fee t)	( fee t)		Clie nt	Sta rt	Cur t co ren Exp ire	ntr act S\$ Da te U yra
Sem i-su bm ible ers s
We st S iriu s	6th -BE	200 8	10, 000	35, 000	Go M	-	-	-	-
We st A rius qua	6th -HE	200 9	10, 000	35, 000	Can ada	BP	r/1 Ap 8	/18 Oct	260 ,00 0
					ada Can , O ptio ns	Exx on	/19 Ma y	/19 Jun	270 ,00 0
					ada Can	Exx on	Jul /19	/19 Sep	270 ,00 0
					Opt ion s	Exx on	/19 Oct	r/2 Ma 0	270 ,00 0 4
					Opt ion s	Exx on	r/2 Ap 0	/20 Dec	rke dex ed Ma t in rate
We st C ico apr rn	6th -BE	201 1	10, 000	35, 000	Go M	BP	Jul /17	Jul /19	543 ,00 0
We st L eo	6th -HE	201 2	10, 000	35, 000	Spa in	-	-	-	-
llsh Dri ips
ola We st P ris	Ult ra-d wat eep er	200 8	10, 000	35, 000	Spa in	-	-	-	-
lla We st C ape	Ult ra-d wat eep er	200 8	10, 000	35, 000	lays Ma ia	She ll	/18 Oct	/19 Jun	Und iscl d ose
					Opt ion s	She ll	/19 Jun	/19 Oct	Und iscl d ose
We st A urig a	Ult ra-d wat eep er	201 3	12, 000	40, 000	Go M	12 BP	/13 Oct	/20 Oct	575 ,00 0
ela We st V	Ult ra-d wat eep er	201 3	12, 000	40, 000	Go M	13 BP	/13 Nov	v/2 No 0	575 ,00 0
der rig Ten s
T15	Bar ge	201 3	6,5 00	30, 000	Tha ilan d	Che vro n	/13 Jul	/19 Jul	110 ,00 0
T16	Bar ge	201 3	6,5 00	30, 000	Tha ilan d	Che vro n	/13 Aug	/19 Aug	110 ,00 0
edo We st V enc r	i-te nde Sem r	201 0	6,5 00	30, 000	lays ia Ma	-	-	-	-
					My anm ar	Pet ron as	/19 Jan	/19 Jun	Und iscl d ose
					Opt ion s	Pet ron as	Jul/ 19	/19 Aug	Und iscl d ose

*Non-consolidated units managed by Seadrill Limited

SeaMex Limited*

e/N Rig typ am e	n/ atio Ge ner 1	Bui lt	de h Wa ter pt	Dri llin dep th g	atio Loc n				vi
	typ e		( fee t)	( fee t)			Cur t co ntr act ren
						Clie nt	Sta rt	ire Exp	S\$ Da te U yra
k-u Jac ps
efe nde We st D r	BE	200 7	350	30, 000	Me xico	PEM EX	/14 Aug	/18 Aug	116 ,00 0
					Me xico	14 PEM EX	/18 Sep	/23 Jan	155 ,50 0
We st C our age ous	BE	200 7	350	30, 000	Me xico	PEM EX	/14 Sep	/18 Aug	116 ,00 0
					Me xico	14 PEM EX	/18 Sep	v/2 No 3	155 ,50 0
d We st I epi ntr	BE	200 8	350	30, 000	Me xico	PEM EX	/14 Ma y	/18 Aug	116 ,00 0
					Me xico	14 PEM EX	/18 Sep	/23 Ma y	155 ,50 0
ber We st O on	BE	201 3	400	30, 000	Me xico	PEM EX	/14 Ma y	/18 Aug	130 ,00 0
					Me xico	14 PEM EX	/18 Sep	/22 Oct	171 ,50 0
We st T itan ia	BE	201 4	400	30, 000	Me xico	PEM EX	/15 Jan	/18 Aug	130 ,00 0
					Me xico	14 PEM EX	/18 Sep	/21 Oct	171 ,50 0

*Non-consolidated units managed by Seadrill Limited

Footnotes:

1) HE - Harsh environment BE - Benign environment 2) Seadrill Limited retain an option to purchase the Sevan Developer 3) Dayrates partly received in Norwegian Kroner. Fluctuations in exchange rates may result in an adjustment to the dayrate. 4) Dayrate is adjusted for market indexed rate. 5) An element of the daily rate will be payable to our JV partner. 6) Dayrates partly received in Brazilian Real. Fluctuations in exchange rates may result in an adjustment to the dayrate. 7) Includes MPD rental fee and provision of other services. An additional dayrate premium is payable for periods when the unit`s MPD system is utilized. 8) Option rate of \$207,600 applies for the 3 first option wells, thereafter the rate increases by \$5k/day per option for the remaining 4 option wells. 9) Certain entities consolidated by Seadrill Limited have purchase commitments for eight jack-up rigs under construction at Dalian 10) For West Linus a mobilization fee of US\$24 million will be taken to income over the initial 5 year contract period. 11) For West Linus we will receive an additional compensation of US\$12,430 per day over the initial 5 year contract period. 12) For West Auriga a mobilization fee of US\$37.5 million will be received over the contract period. 13) For West Vela a mobilization fee of US\$37.5 million will be received over the contract period. 14) We are in discussions with PEMEX regarding potential discounts to current dayrates.

The information contained in this Fleet Update report (the "Information") is as of the date of the report only and is subject to change without notice to the recipient. Seadrill Limited assumes no duty to update any portion of the Information.

DISCLAIMER. NEITHER SEADRILL LIMITED NOR ITS AFFILIATES MAKE ANY EXPRESS OR IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE) REGARDING THE INFORMATION CONTAINED IN THIS REPORT, WHICH INFORMATION IS PROVIDED "AS IS."

No Unauthorized Publication or Use. All information provided by Seadrill Limited in this report is given for the exclusive use of the recipient and may not be published, redistributed or retransmitted without the prior written consent of Seadrill Limited.

Client Contract Duration, Timing and Dayrates and Risks Associated with Operations. The duration and timing (including both starting and ending dates) of the client contracts are estimates only, and client contracts are subject to cancellation, suspension and delays for a variety of reasons, including some beyond the control of Seadrill Limited. Also, the dayrates set forth in the report are estimates based upon the full contractual operating dayrate. However, the actual average dayrate earned over the course of any given contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond the control of Seadrill Limited. Our client contracts and operations are generally subject to a number of risks and uncertainties, and we urge you to review the description and explanation of such risks and uncertainties in previous prospectus. The dayrates do not include revenue for mobilizations, demobilizations, upgrades, shipyards or recharges.