The contract is for a period of five years with an extension option for an additional five years. Total revenue potential for the firm contract period is estimated at US$445 million. · Seadrill receives a commitment for a US$1.35 billion credit facility to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. · Seadrill completes voluntary exchange offer for US$650mm convertible bond · Seadrill sells an additional 28% interest in Seadrill Operating LP to Seadrill Partners for approximately $373 million · North Atlantic Drilling secures 5 contracts with Rosneft commencing in Russian waters from 2015 through 2017 with a total revenue potential for the primary contract term of US$4.1 billion. · Seadrill secures a contract with ExxonMobil for employment of the West Saturn.