SDRL - Seadrill reports second quarter 2009 results
(Thomson Reuters ONE) - Highlights * Seadrill generates record EBITDA of US$438 million for the second quarter 2009 * Seadrill reports net income of US$364 million and earnings per share of US$0.85 for the same period * Seadrill delivers strong improvement in average utilization rate for deepwater newbuilds * In July, Seadrill sells the jack-up rig West Ceres for a total consideration of US$178 million * Seadrill commences operations with new deepwater unit West Eminence in Brazil * Seadrill secures new US$1.5 billion credit facilitySecond quarter resultsSeadrill today reported consolidated revenues for the second quarter2009 of US$816 million compared to US$696 million for the firstquarter 2009.Operating profit for the second quarter was US$339 million ascompared to US$259 million in the previous quarter.The second quarter operating profit for Mobile Units amounted toUS$267 million as compared to an operating profit of US$195 millionin the first quarter 2009. The increase was mainly due to a fullquarter in operations for the four newbuilds that started operationsin the first quarter, as well as improved utilization overall.The second quarter operating profit for Tender Rigs amounted toUS$56 million, which was an increase of US$5 million compared to thepreceding quarter. The improvement was due to higher average dayrate.Operating profit from Well Services amounted to US$15 million ascompared to US$13 million in the first quarter 2009.Net financial items resulted in a gain of US$67 million compared toUS$15 million in the preceding quarter. The increase is primarilyrelated to mark-to-market valuation of interest swap agreements andforward currency contracts, which amounted to a gain of approximatelyUS$77 million.Income taxes were US$42 million resulting in net income for thequarter of US$364 million. Earnings per share for the second quarterwere US$0.85.Chief Executive Officer in Seadrill Management AS Alf C Thorkildsensays in a comment, "We are pleased to report the best ever quarterlyresult in the Company's history. This achievement is based on strongoperational performance within all divisions and significant growthin the contribution from our deepwater newbuilds. In an uncertaineconomical environment this strong performance provides an importantfoundation for continued growth of our Company."For further information, please see the second quarter 2009 reportattached.Analyst contact:Jim DåtlandVice President Investor Relations +47 51 30 99 19Media contact:Trond BrandsrudChief Financial Officer+47 51 30 99 19Seadrill LimitedHamilton, BermudaAugust 27, 2009http://hugin.info/135817/R/1337730/318892.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 27.08.2009 - 17:37 Uhr
Sprache: Deutsch
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