Sdrl - Seadrill Limited Announces Second Quarter 2019 Results
20 Agosto 2019 - 12:15AM
UK Regulatory
TIDMSDRL
Highlights
-- Solid operational performance in the quarter with 96% economic
utilization
-- Revenue up 6% at $321 million with increasing reimbursable revenues
-- Operating Loss of $73 million
-- Adjusted EBITDA of $69 million
-- Reported net loss of $206 million equivalent to net loss per share of
$2.03
-- Total cash of $1.5 billion following completion of the Senior Secured
Notes tender offer
-- Order backlog of $1.9 billion as at 30 June 2019
Subsequent Event
Since the end of the second quarter, Seadrill and GDI entered into a
50:50 joint venture, Gulfdrill, which will initially manage and operate
five premium jack-ups in Qatar with Qatar Petroleum. The five contracts
will commence during 2020 and run into 2023 & 2024. The total contract
value is expected to be $656 million (including mobilization fees). The
contracts have options which could add up to $700 million in additional
total contract value. Gulfdrill will initially bareboat charter the West
Telesto and West Castor from Seadrill and has secured bareboat charters
for three additional units from a third-party shipyard.
Anton Dibowitz, CEO, commented:
"Operationally we performed well for our customers in the quarter,
maintaining a high level of utilization across the active fleet and
ensuring a safe operating environment for our people.
From a market perspective we continue to see increased tendering
activity and a favorable shift in contract terms. While the spot market
for short term work remains competitive, rates for longer term work are
improving and there are pockets of strength in the harsh environment,
high-end ultra deepwater and premium jack-up markets.
We are excited to partner with GDI and grow our presence in an important
jack-up market. Gulfdrill will give us the opportunity to improve our
access to a significant premium jack-up market and strengthen our
relationship with Qatar Petroleum."
This information is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act.
Attachments
-- Seadrill Limited 2Q 2019 Fleet Status
https://ml-eu.globenewswire.com/Resource/Download/20d790c9-00a1-4b0f-bffd-b42196c27bf3
-- Seadrill Limited 2Q 2019
https://ml-eu.globenewswire.com/Resource/Download/383c6980-db86-4f4a-b6ac-45f2948d0ca1
(END) Dow Jones Newswires
August 20, 2019 01:15 ET (05:15 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Seadrill (LSE:0Z5D)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Seadrill (LSE:0Z5D)
Gráfica de Acción Histórica
De May 2023 a May 2024
Real-Time news about Seadrill Ltd (London Stock Exchange): 0 recent articles
Más de Seadrill Ltd Artículos de Noticias