Seadrill Limited Q4 2015 results

Published by Louise Mulhall, Editorial Assistant
Oilfield Technology, Thursday, 25 February 2016 11:15

Highlights

Revenue of US$959 million.

EBITDA of US$513 million.

93% economic utilisation.

Reported Net Income of US$279 million and diluted earnings per share of US$0.58.

Cash and cash equivalents of US$1.04 billion.

The Seadrill Group achieved 95% economic utilisation.

Seadrill Group orderbacklog of approximately US$10.7 billion.

Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said:

"During the fourth quarter we experienced our best operational quarter of the year, while continuing to reduce our cost base. Safe and efficient operations remain at the heart of what we do as we continue to drive down costs.

In the face of the severe downturn in our industry our priorities for 2016 are to conserve cash and address our financing needs. We have a modern competitive fleet, a proven track record in operations and every intention to position ourselves for a recovery in the sector. Our 2016 liquidity is good and we aim to communicate our funding plans during the first half of the year."

Adapted from a press release by Louise Mulhall

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/25022016/seadrill-limited-q4-2015-results/

K2 Energy Group acquires Eutex hazardous-area inspection services division to expand global compliance and safety capabilities

Friday 14 November 2025 09:30

K2 Oilfield Services Pte Ltd, operating as K2 Energy Group (K2), has announced the acquisition of the global hazardous-area inspection services business of Eutex Inc. (Eutex), a portfolio company of Sutherland Holdings International, through its purchase of Eutex International Pte Ltd in Singapore.

Highlights

Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said:

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