BRIEF-Seadrill expects improvement in Q4

OSLO Mon Nov 26, 2012 9:05am EST

OSLO Nov 26 (Reuters) - SEADRILL

* Says not satisfied with the operational performance in the third quarter.

* The operational performance so far in the fourth quarter, while still being impacted by the subsea issues experienced in the third quarter, is trending back to normal

* Income from tender rig sale these funds are not likely to be distributed as extraordinary dividends, but are more likely to be used to support investments

* Anticipates a significant improvement in the operating results in the fourth quarter 2012 results