Mark Webber has signed a new deal with Red Bull for the 2013 season.
The Australian held talks about a move to Ferrari but has decided to stay with the team he joined in 2007.
"It's great to be able to make this announcement off the back of the win in Silverstone," said 35-year-old Webber, who narrowly beat Fernando Alonso in Sunday's British Grand Prix.
"I'm looking forward to competing on the edge and pushing myself in every race again next season."
Webber is second in this year's drivers' championship, 13 points behind leader Fernando Alonso of Ferrari and 16 points ahead of team-mate and reigning champion Sebastian Vettel.
"I'm high on confidence at the moment and firing on all cylinders," said Webber, who lives in England.
"I know the team well and I'm very comfortable here. We have grown together over the years and it feels like absolutely the right thing to stay with Red Bull for another season.
"The team is constantly working hard to improve in all areas and we've shown that together we can win races."
Webber has finished third in the drivers' championship in the last two seasons but there has been an underlying concern from him that the team favour Vettel.
The German has won the drivers' title for the past two seasons and in 2010 Webber, who was a title contender, was ordered by team principal Christian Horner not to challenge Vettel for second place during the closing laps of the British Grand Prix.
Webber, though, has remained with Red Bull and, after two wins from nine races so far this season, has decided to continue with the team.
"Mark has driven very well in the first nine races of this season and his performance has been impressive," said Horner.
"Much of his Formula 1 success has been during his time with Red Bull Racing and together we have achieved 10 poles, nine wins and 31 podiums.
"As there was a strong desire from both sides to continue the partnership, it was a logical decision to extend our relationship and it is with great pleasure that we confirm Mark will drive for us in 2013."
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