Seadrill Limited reports third quarter results
Seadrill Limited has reported third quarter 2014 EBITDA of US$ 635 million, and a net income of US$ 190 million.
During the quarter, the company received a commitment for a US$ 1.35 billion credit facility to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion.
Other highlights include:
- Seadrill sells an additional 28% limited partner interest in Seadrill Operating LP to Seadrill Partners for approximately US$ 373 million.
- Seadrill secures a contract with ExxonMobil for employment of the West Saturn. The contract is for a period of two years plus a one-year option, and has total revenue potential for the primary contract term of approximately US$ 497 million.
- Seadrill completes US$ 1.5 billion ECA facility to finance the West Saturn, West Neptune and West Jupiter.
Adapted from press release by Katie Woodward
Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/26112014/seadrill-limited-q3-results-1888/
You might also like
OTC GreenLight Becomes the World’s First DNV-Qualified Digital Pressure Testing System
As Offshore Technical Compliance (OTC) continues to expand their footprint in the digital pressure testing field of the Oil and Gas industry, their new and improved GreenLight has achieved a major milestone and sets a new standard for digital pressure testing of well control systems.
