SDLP - Seadrill Partners LLC Announces Reduction to Quarterly Cash Distributions
London, United Kingdom, July 26, 2016 - Seadrill Partners LLC (NYSE: SDLP) ("Seadrill Partners" or the "Company") announced today that it will reduce the quarterly distribution to its common unitholders to $0.10 per unit, down from the current quarterly level of $0.25 per unit. The decision to reduce the distribution level reflects the increase in the extended standby rate period for the West Capricorn and the termination of the drilling contract for the West Capella. Although available units are being bid on a number of opportunities and extension conversations continue, the Company