d112469_6-k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16
 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2010

Commission File Number 001-34667

SEADRILL LIMITED

P.O. Box HM 1593
Par-la-Ville Place, 4th Floor
14 Par-la-Ville Road
Hamilton HM 08 Bermuda
(441)295-6935
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X]       Form 40-F [  ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [  ].

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [  ].

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.
 
 
 
 

 
 
 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT


Attached hereto as Exhibit 99.1 is a press release from Seadrill Limited (the "Company"), dated August 17, 2010, announcing the completion of the private placement of Seawell Limited, a subsidiary of the Company.



 
 
 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 
 
 
 
 
SEADRILL LIMITED
 
 
(Registrant)
 
 
 
Dated: August 18, 2010
 
By
/s/ Georgina Sousa
 
 
 
Georgina Sousa
 
 
 
Secretary
 
 
 
 
 
 
 
 
 


 
 
 

Exhibit 99.1


 
SDRL - Seadrill subsidiary Seawell Limited completes share issue
 
Hamilton, Bermuda, August 17, 2010 - The Seadrill Limited subsidiary Seawell Limited has completed the NOK2,654 million (~US$432 million) private placement at NOK23.0 (~US$3.7) per share that was announced yesterday. Seadrill has been allocated 34.9 million shares and has as such increased its holding to 116.1 million shares equivalent to 51.5 percent of the outstanding shares in Seawell.
 
Seawell will following the private placement repay NOK825 million (~US$134 million) to Seadrill in intercompany debt.
 
 
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)