Red Bull Racing has announced that Mark Webber’s contract has been extended, meaning the Australian will continue to drive for the team in 2011.

With Sebastian Vettel already contracted to the team for next year, this announcement confirms Red Bull Racing’s 2011 driver line-up.

In a media release from the team Webber said that it was an easy decision to remain with Red Bull Racing.

“We began talking very early this year and were in a position to sign by the Barcelona Grand Prix.” he said.

“The decision to extend for a further year was a mutual one; it’s widely know that I’m not interested in hanging around in Formula One just for the sake of it and at this stage of my career, I’m happy to take one year at a time… I have a fantastic relationship with the whole team and the factory at Milton Keynes feels like home. It’s been incredible to be part of the team as it’s moved forward from a mid-field competitor to one that is challenging for the Championship. I hope we experience more success together in the future and achieve our ultimate goal of winning the World Championship.”

Team boss Christian Horner said that the decision to retain Webber was very straightforward.

“He is an important member of our team and is currently in the best form of his career, as the current leader of the Drivers’ Championship. The team is extremely happy that the driver pairing of Mark and Sebastian will remain unchanged for a third season in 2011.”

The move to sign Webber comes after continued speculation that the Aussie may have been considering a move to Ferrari or possible retirement.