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Seadrill (NYSE:SDRL) subsidiary North Atlantic Drilling says Statoil (STO) has exercised its...

Dec. 21, 2012 12:45 PM ETSeadrill Limited (SDRL) StockSDRL, EQNRBy: Carl Surran, SA News Editor

Seadrill (NYSE:SDRL) subsidiary North Atlantic Drilling says Statoil (STO) has exercised its option to extend the contract for the heavy-duty harsh environment jack-up rig West Epsilon by two years from Dec. 2014 to Dec. 2016. The estimated value of the contract extension is $215M.

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