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Seadrill Partners LLC Representing Limited Liability Company Interests
In Seadrill Partners (SDLP) situation, each rig counts. Traditionally, I have focused on the company’s semi-subs and drillships as they carry the most theoretical asset value and could provide the most upside if the market recovers.
However, besides 4 semi-subs (West Sirius, West Aquarius, West Capricorn, West Leo) and 4 drillships (West Polaris, West Capella, West Auriga, West Vela), the company also has 3 tender rigs (T15, T16, West Vencedor), one of which has recently received a contract in Cote d’Ivoire.
Bassoe Offshore has recently opened a database for tender rigs, allowing