May 28, 2013
Seadrill Limited (SDRL) - First quarter 2013 results
Highlights
• Seadrill records its best operating quarterly result ever and generates first quarter 2013
EBITDA*)of US$713 million
• Seadrill reports first quarter 2013 net income of US$440 million and earnings per share of
US$0.87
• Seadrill increases the ordinary quarterly cash dividend by 3 cents to US$0.88
• Economic utilization for floaters increased to 92% in Q1 2013 from 86% in Q4 2012
• Economic utilization for the jack-up fleet in Q1 2013 was 99%, up from 94% in Q4 2012
• Seadrill ordered four jack-ups for a total estimated project price of US$230 million per rig, with deliveries in 2015
• Seadrill completed the acquisition of the ultra-deepwater semi-submersible rig Songa Eclipse for a total consideration of US$590 million
• Seadrill secured a two-year extension for the ultra-deepwater semi-submersible rig West Leo with a total estimated revenue potential of US$430 million
• Seadrill completed the sale of the jack-up rig West Janus for US$73 million recording a gain on sale of US$61 million
• Seadrill issued a NOK1.8 billion unsecured bond maturing in March 2018
Subsequent events
• Seadrill completes the sale of 18 tender rigs to SapuraKencana Petroleum Bhd. for a total
consideration of US$2.9 billion on April 30, 2013
• Seadrill secures a three-year contract for the newbuild drillship West Neptune with a total estimated revenue potential of US$662 million
• Seadrill completes the sale of the tender rig T15 to Seadrill Partners LLC (SDLP) for a total consideration of US$210 million
*) EBITDA is defined as earnings before interest, depreciation and amortization equal to operating profit plus depreciation and
amortization.
- more here
SDRL Website:
http://www.seadrill.com
http://shippingwatch.dk/Offshore/article5536128.ece
-------------------------------------------------------------------------
Oslo SDRL
http://www.oslobors.no/markedsaktivitet/stockOverview?newt__ticker=SDRL
US NASDAQ: SDRL
http://www.nasdaq.com/symbol/sdrl/real-time
Seadrill Limited (SDRL) - First quarter 2013 results
Highlights
• Seadrill records its best operating quarterly result ever and generates first quarter 2013
EBITDA*)of US$713 million
• Seadrill reports first quarter 2013 net income of US$440 million and earnings per share of
US$0.87
• Seadrill increases the ordinary quarterly cash dividend by 3 cents to US$0.88
• Economic utilization for floaters increased to 92% in Q1 2013 from 86% in Q4 2012
• Economic utilization for the jack-up fleet in Q1 2013 was 99%, up from 94% in Q4 2012
• Seadrill ordered four jack-ups for a total estimated project price of US$230 million per rig, with deliveries in 2015
• Seadrill completed the acquisition of the ultra-deepwater semi-submersible rig Songa Eclipse for a total consideration of US$590 million
• Seadrill secured a two-year extension for the ultra-deepwater semi-submersible rig West Leo with a total estimated revenue potential of US$430 million
• Seadrill completed the sale of the jack-up rig West Janus for US$73 million recording a gain on sale of US$61 million
• Seadrill issued a NOK1.8 billion unsecured bond maturing in March 2018
Subsequent events
• Seadrill completes the sale of 18 tender rigs to SapuraKencana Petroleum Bhd. for a total
consideration of US$2.9 billion on April 30, 2013
• Seadrill secures a three-year contract for the newbuild drillship West Neptune with a total estimated revenue potential of US$662 million
• Seadrill completes the sale of the tender rig T15 to Seadrill Partners LLC (SDLP) for a total consideration of US$210 million
*) EBITDA is defined as earnings before interest, depreciation and amortization equal to operating profit plus depreciation and
amortization.
- more here
SDRL Website:
http://www.seadrill.com
http://shippingwatch.dk/Offshore/article5536128.ece
-------------------------------------------------------------------------
Oslo SDRL
http://www.oslobors.no/markedsaktivitet/stockOverview?newt__ticker=SDRL
US NASDAQ: SDRL
http://www.nasdaq.com/symbol/sdrl/real-time
