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SDLP - Seadrill Partners: Q1 Earnings And Fleet Status Report Analysis
Seadrill Partners LLC Representing Limited Liability Company Interests
Seadrill Partners (SDLP) has just reported its Q1 results and provided its fleet status report. The company's survival with the current capital structure is under question, so any information about its business becomes very important. Let's start with the fleet news:
Petronas exercised options for drillship West Capella. The rig will now work until April 2020.
Petronas also exercised options for tender rig West Vencedor. The rig will now be busy until the end of the second quarter and then transfer to the contract on the Ivory Coast.