Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Seadrill Partners LLC    SDLP   MHY7545W1259


News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

Seadrill Partners LLC : SDLP - Changes to Management

share with twitter share with LinkedIn share with facebook
share via e-mail
03/27/2020 | 05:01am EDT

London, United Kingdom, March 27, 2020: Seadrill Partners ("SDLP" or the "Company") announces that Grant Creed will step down as Chief Financial Officer of Seadrill Partners to support Seadrill Limited on a full time basis.

John T. Roche, Chief Executive Officer of Seadrill Partners, will assume the responsibilities of Chief Financial Officer in addition to his current role until a suitable replacement is found.


This news release includes forward looking statements. Such statements are generally not historical in nature, and specifically include statements about the Company's plans, strategies, business prospects, changes and trends in its business and the markets in which it operates. In particular, statements regarding offshore drilling markets, the Company's ability to make cash distributions, the expected performance of the drilling units in the Company's fleet, estimated duration of customer contracts, contract dayrate amounts, contract backlog, forecasts of operating income and Adjusted EBITDA and the ability of the Company to negotiate the refinancing of its near term debt maturities with lenders are considered forward-looking statements. These statements are made based upon management's current plans, expectations, assumptions and beliefs concerning future events impacting the Company and therefore involve a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, which speak only as of the date of this news release. Important factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to offshore drilling market conditions including supply and demand, dayrates, customer drilling programs and effects of new rigs on the market, contract awards and rig mobilizations, contract backlog, the performance of the drilling units in the Company's fleet, delay in payment or disputes with customers, the outcome of any pending litigation, our ability to successfully employ our drilling units, procure or have access to financing, liquidity and adequacy of cash flow from operations, fluctuations in the international price of oil, changes in governmental regulations that affect the Company or the operations of the Company's fleet, increased competition in the offshore drilling industry, and general economic, political and business conditions globally. Important additional factors include the Company's operational dependency on Seadrill Limited for certain management and technical support services, the Company's ability to continue to comply with loan covenants and the Company's ability to negotiate the refinancing of its near term debt maturities with its lenders and whether the terms of any such refinancing would be as favorable as or any more favorable than the terms of the Company's existing term loan facility. Consequently, no forward-looking statement can be guaranteed.  When considering these forward looking statements, you should keep in mind the risks described from time to time in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to update any forward looking statements to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for us to predict all of these factors. Further, the Company cannot assess the impact of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward looking statement.

Contact: ir@seadrill.com


(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
SEADRILL LIMITED -20.08% 0.3705 Delayed Quote.-85.41%
SEADRILL PARTNERS LLC 0.00% 0.34 Delayed Quote.-60.47%
share with twitter share with LinkedIn share with facebook
share via e-mail
05/14SEADRILL PARTNERS LLC : SDLP - Seadrill Partners receives notice of termination ..
03/27SEADRILL PARTNERS LLC : SDLP – Changes to Management
03/27SEADRILL PARTNERS LLC : SDLP - Changes to Management
02/27SEADRILL PARTNERS LLC : SDLP - Seadrill Partners LLC Announces Fourth Quarter 20..
02/25SEADRILL PARTNERS LLC : SDLP – Q4 2019 earnings release date and conferenc..
02/25SEADRILL PARTNERS LLC : SDLP - Q4 2019 earnings release date and conference call..
01/28SEADRILL : SDLP - Seadrill Partners LLC Eliminates Cash Distribution
01/09SEADRILL PARTNERS LLC : SDLP - Changes to the Board of Directors
2019SDLP - Seadrill Partners LLC 2019 AGM Results Notification
2019SDLP - Seadrill Partners LLC Announces Third Quarter 2019 Results
More news
Financials (USD)
Sales 2019 729 M - -
Net income 2019 -92,9 M - -
Net Debt 2019 2 318 M - -
P/E ratio 2019 -0,09x
Yield 2019 14,0%
Capitalization 2,75 M 2,75 M -
EV / Sales 2018 2,96x
EV / Sales 2019 3,19x
Nbr of Employees 1 138
Free-Float 53,4%
Duration : Period :
Seadrill Partners LLC Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
John T. Roche Chief Executive Officer & Director
Joseph Gerard Keith MacDonald Independent Director
Andrew Cumming Independent Director
John Darlington Independent Director
Leif Nelson Director
Sector and Competitors