SDLP - Seadrill Partners LLC Third Quarter 2013 Cash Distribution
(Thomson Reuters ONE) -
London, United Kingdom, October 25, 2013 - Seadrill Partners LLC (NYSE: SDLP)
("Seadrill Partners" or the "Company") announced today that its board of
directors has declared a quarterly cash distribution with respect to the quarter
ended September 30, 2013 of $0.4275 per unit. This represents an increase of
2.4% from the second quarter of 2013.
As already announced in connection with the acquisition of the tender rig T-16,
the Company's management has recommended to the Board that the quarterly
distribution rate be increased by between US$0.025 and US$0.03 per quarter, an
approximate 7% increase, effective for the distribution in respect of the
quarter ending December 31, 2013. The Board has however decided to approve an
earlier commencement of part of this increase with the balance of the increase
to be considered for the fourth quarter of 2013.
This cash distribution will be paid on November 14, 2013 to all unitholders of
record as of the close of business on November 7, 2013.
FORWARD LOOKING STATEMENTS
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 the Company's ability to complete the acquisition of the T-16 and
projected increases in cash distributions 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 forwardlooking 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 the performance of the drilling rigs in the Company's fleet, delay in
payment or disputes with customers, 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. 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 SEC, including its
Annual Report on Form 20-F (File No. 001-35704).
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.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Seadrill Partners LLC via Thomson Reuters ONE
[HUG#1738288]
Datum: 25.10.2013 - 14:49 Uhr
Sprache: Deutsch
News-ID 309456
Anzahl Zeichen: 4145
contact information:
Town:
London
Kategorie:
Business News
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"SDLP - Seadrill Partners LLC Third Quarter 2013 Cash Distribution"
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