SDLP - Termination of the West Capella
(Thomson Reuters ONE) -
London, United Kingdom, May 13, 2016 - Seadrill Partners LLC ("the Company") has
received a notice of termination from its current operator for the contract for
the West Capella.
In accordance with the cancellation for convenience provisions in the West
Capella contract, Seadrill Partners will receive a payment of approximately $125
million in two equal installments, the first in the second quarter of 2016 and
the second in the first quarter of 2017, plus other direct costs incurred as a
result of the early termination.
The West Capella is currently being marketed for new work and is expected to be
in Tenerife during its idle period.
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 projected changes in the Company's cash distributions, the Company's
anticipated growth strategies and its ability to re-contract its drilling rigs
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 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; hire
rates and factors affecting supply and demand for drilling rigs; the financial
condition of the Company's existing or future customers; 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 GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#2012660]
Datum: 13.05.2016 - 14:00 Uhr
Sprache: Deutsch
News-ID 471003
Anzahl Zeichen: 3949
contact information:
Town:
London
Kategorie:
Business News
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"SDLP - Termination of the West Capella"
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