Inactive Instrument

Seadrill Partners LLC

SDLPF

MHY7545W1259

Seadrill Partners Llc Reports Earnings Results for the Third Quarter Ended September 30, 2020

March 17, 2021 at 05:26 pm IST

Seadrill Partners LLC announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 128.4 million compared to USD 184.8 million a year ago. Operating income was USD 8.6 million compared to USD 13 million a year ago. Net loss was USD 53.2 million compared to USD 23.7 million a year ago. For the nine months, total revenue was USD 442.4 million compared to USD 567 million a year ago. Operating loss was USD 932.2 million compared to operating Income of USD 52.9 million a year ago. Net loss was USD 644 million compared to USD 63.8 million a year ago.

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Company Profile

Seadrill Partners LLC is a United Kingdom-based offshore deep-water drilling company. The Company owns and operates drill ships, semi-submersible rigs and tender rigs for operations in shallow to ultra-deep-water areas in both benign and harsh environments. The Company has a fleet of approximately 11 drilling units, including four drill ships, four semi-submersible rigs and three tender rigs. The Company contracts their drilling units primarily on a day rate basis to drill wells for their customers, typically oil majors and independent oil and gas companies.

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Oil & Gas Drilling

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