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Aquadrill Announces Contract Award For The Vela

London, United Kingdom, July 15, 2021 - Aquadrill LLC ("Aquadrill” or the “Company") has secured a one well contract with Equinor for the Vela in the US Gulf of Mexico. The rig will be managed and operated by Seadrill Limited. Total contract value for the firm portion of the contract is expected to be $55 million and the contract is expected to commence in October 2021 and run until April 2022. 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

SDLP - Seadrill Partners Receives Court Approval of "First Day" Motions

London, United Kingdom, December 7, 2020 – On Friday, December 4,  the Southern District of Texas Bankruptcy Court overseeing Seadrill Partners LLC’s (the “Company”) chapter 11 restructuring proceedings granted the relief requested in the Company’s first-day motions related to ordinary course business activities.  The approved motions give the Company the authority to, among other things, continue to pay employee wages and benefits without interruption, continue to utilize its cash management system and continue to pay critical third-party suppliers and vendors. The Company intends to

SDLP - Seadrill Partners Announces Filing of Voluntary Petitions Under Chapter 11

London, United Kingdom, December 1, 2020 - Seadrill Partners LLC (the “Company”) has been in negotiations with an ad hoc group of lenders under the Company’s Term Loan B credit facility (the “TLB”) regarding a consensual reorganization of the Company’s balance sheet.  In consultation with—and with the support of—the ad hoc group, the Company has filed voluntary petitions under chapter 11 of the Bankruptcy Code to preserve value and to continue the operation and marketing its assets.  The Company intends to use the bankruptcy process to ensure that all customer, vendor and employee

SDLP - Seadrill Partners LLC Announces Fourth Quarter 2019 Results

Highlights · Operating revenue of $183.0 million.  · Operating loss of $2.3 million.  · Net loss of $42.9 million · Adjusted EBITDA of $76.8 million.  · Cash and cash equivalents of $560.0 million. · Economic utilization of 95%.  · Order backlog of $367 million as of February 27, 2020. Subsequent EventsGunnar Winther Eliassen will join the Seadrill Partners Board as an Appointed Director effective February 27, 2020. Gunnar is employed by the Seatankers Group, an affiliate of Hemen Holding Limited. Prior to joining Seatankers, Gunnar was a partner at Pareto

SDLP - Seadrill Partners LLC 2019 AGM Results Notification

London, United Kingdom, December 19, 2019 - Seadrill Partners LLC (the “Company”) advises that the 2019 Annual Meeting of the Members of the Company was held on December 19, 2019 at 11:00 am London time, at 2nd Floor, 566 Chiswick High Road, Building 11, Chiswick Business Park, London W4 5YS, United Kingdom. The following proposals were approved: To elect Andrew Cumming as a Class III Director of the Company whose term will expire at the 2022 Annual Meeting of Members; and To elect Keith MacDonald as a Class III Director of the Company whose term will expire at the 2022 Annual

SDLP - Seadrill Partners LLC Announces Third Quarter 2019 Results

Highlights · Operating revenue of $184.8 million · Operating income of $13.0 million · Net loss of $54.2 million · Adjusted EBITDA of $91.9 million · Cash and cash equivalents of $653.6 million · Economic utilization of 95% · Order backlog of $512 million as of November 21, 2019 · 1 cent per common unit distribution for the third quarter of 2019 Financial Results OverviewTotal operating revenues for the third quarter were $184.8 million (2Q19: $178.5 million). The increase was primarily due to a full quarter of operations for the West Aquarius and West

SDLP – Q3 2019 earnings release date and conference call information

London, United Kingdom, November 14, 2019 - Seadrill Partners LLC is scheduled to release its third quarter 2019 results on Thursday November 21[st], 2019.A conference call and webcast will be held at 10:30 a.m. EST / 3:30 p.m. GMT on Thursday November 21[st], 2019.To participate, the following options are available:A. WebcastIn order to register to listen to the conference call, please click this link. B. Conference callParticipants can register for the conference call and receive their dial-in details by clicking

SDLP – Notice of 2019 Annual Meeting of Members

London, United Kingdom, November 12, 2019 - Seadrill Partners LLC announces today that it has scheduled its 2019 Annual Meeting. Notice is hereby given that the Annual Meeting of Members will be held on December 19, 2019. Holders of common units at the close of business on November 22, 2019 will be entitled to vote at the meeting. The notice, agenda and associated material will be available on our website http://www.seadrillpartners.com on November 22, 2019.

SDLP - Seadrill Partners LLC Third Quarter 2019 Cash Distribution

London, United Kingdom, November 12, 2019 - Seadrill Partners LLC (OTCQB:SDLPF) ("Seadrill Partners" or the "Company") announces today that a distribution of $0.01 per unit has been declared with respect to the third quarter ended September 30, 2019, in line with the second quarter distribution. The third quarter cash distribution will be paid on November 27, 2019 to all unitholders of record as of the close of business on November 22, 2019. FORWARD LOOKING STATEMENTSThis news release includes forward looking statements. Such statements are generally not historical in nature, and

SDLP – Amendments to Certain Credit Facilities

London, United Kingdom, September 26, 2019 - Seadrill Partners LLC (“Seadrill Partners” or the “Company”) announces the successful completion of amendments to three of its secured credit facilities (the “Facilities”) to remove a clause requiring the Company to maintain a listing on the NYSE or the Oslo Stock Exchange. The amendments relate to $350 million in aggregate amounts of debt outstanding as at June 30, 2019 secured by the West Vela, West Polaris, T-15 and T-16. All voting lenders consented to the amendments, far exceeding the required thresholds under each Facility. While

SDLP - Suspension of Trading from the NYSE and Commencement of NYSE Delisting Procedures

London, United Kingdom, September 6, 2019 - Seadrill Partners LLC (NYSE: SDLP) (“Seadrill Partners” or the “Company”) has received notification from The New York Stock Exchange (the “NYSE”) that trading in the Company’s common units has been suspended and proceedings to delist the Company’s common units have commenced. The NYSE reached its decision due to the Company’s low market capitalization pursuant to Section 802.01B of the NYSE’s Listed Company Manual. The Company expects its common units to trade in the over the counter (“OTC”) market beginning on September 6, 2019 under the

SDLP - Seadrill Partners LLC Announces Second Quarter 2019 Results

Highlights · Operating revenue of $178.5 million. · Operating income of $5.0 million. · Net loss of $38.8 million · Adjusted EBITDA of $79.8 million. · Cash and cash equivalents of $712.1 million. · Economic utilization of 84%, below our historical performance standards due to West Auriga downtime · Order backlog of $692 million as of August 20, 2019. · 1 cent per common unit distribution for the second quarter of 2019. Subsequent EventsOn July 2, 2019, a one-for-ten reverse unit split was completed. Split-adjusted SDLP common units continue to trade on the

SDLP – Q2 2019 earnings release date and conference call information

London, United Kingdom, August 9, 2019 - Seadrill Partners LLC is scheduled to release its second quarter 2019 results on Tuesday August 20[th], 2019.A conference call and webcast will be held at 10:30 a.m. EDT / 3:30 p.m. BST on Tuesday August 20[th], 2019.To participate, the following options are available:A. WebcastIn order to register to listen to the conference call, please click this link. B. Conference callParticipants can register for the conference call and receive their dial-in details by clicking this link.

SDLP - Seadrill Partners LLC received early termination notice for the West Vencedor

London, United Kingdom, August 2, 2019 - Seadrill Partners LLC ("SDLP" or "the Company") has received an early termination notice for the West Vencedor contract offshore Cote d’Ivoire prior to its commencement which was expected in Q3 2019.  The unit had recently completed its work in Myanmar and will now stay in Southeast Asia to be marketed for additional opportunities. Seadrill Partners is expected to receive a lump sum early termination payment in Q3 2019 of approximately the amount of adjusted EBITDA that would have been earned under the firm term of the contract and backlog will

SDLP - Seadrill Partners LLC Announces Reduction to Quarterly Cash Distributions

London, United Kingdom, July 25, 2019 - Seadrill Partners LLC (NYSE: SDLP) ("Seadrill Partners" or the "Company") announces today that it will reduce the quarterly distribution to its common unitholders to 1 cent per unit, down from the reverse split adjusted first quarter level of 10 cents per unit. While we continue to see improvements in tendering activity and dayrates, the reduced distribution level reflects the Company's desire to preserve liquidity ahead of debt maturities in the second half of 2020 and first quarter of 2021. The second quarter cash distribution will be paid on

SDLP - Seadrill Partners Announces Contract Award for the West Polaris

London, United Kingdom, July 19, 2019 - Seadrill Partners ("SDLP" or "the Company") has secured a one year contract for the West Polaris in Southern Asia. Total contract value is expected to be approximately $72 million (including performance incentive and mobilization fees) and commencement is expected in Q1 2020. 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

SDLP - Seadrill Partners Announces Contract Award for the West Polaris

London, United Kingdom, July 17, 2019 - Seadrill Partners ("SDLP" or "the Company") has secured a one well contract with PC Gabon Upstream S.A. for the West Polaris to work offshore Gabon. Backlog is expected to be approximately $22 million excluding mobilization fees with commencement expected in September 2019 and running to the end of 2019. FORWARD LOOKING STATEMENTSThis 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

SDLP - Seadrill Partners Announces Completion of Its One for Ten Reverse Unit Split

London, United Kingdom, July 2, 2019-Seadrill Partners LLC (the "Company" or "SDLP") (NYSE: SDLP) has completed its previously announced one-for-ten reverse unit split. Pursuant to the reverse split, every ten SDLP common units and subordinated units issued and outstanding as of July 1, 2019 (after close of market) was converted into one SDLP common unit or subordinated unit, as applicable.  Split-adjusted SDLP common units continue to trade on the New York Stock Exchange under the same ticker symbol "SDLP" and have been assigned a new CUSIP number: Y7545W 125. No fractional units

Seadrill Partners Announces Completion of Its One for Ten Reverse Unit Split

London, United Kingdom, July 2, 2019 —Seadrill Partners LLC (the “Company” or “SDLP”) (NYSE: SDLP) has completed its previously announced one-for-ten reverse unit split. Pursuant to the reverse split, every ten SDLP common units and subordinated units issued and outstanding as of July 1, 2019 (after close of market) was converted into one SDLP common unit or subordinated unit, as applicable.  Split-adjusted SDLP common units continue to trade on the New York Stock Exchange under the same ticker symbol “SDLP” and have been assigned a new CUSIP number: Y7545W 125. No fractional units

SDLP - Changes to Management and the Board of Directors

London, United Kingdom, June 19, 2019: Seadrill Partners ("SDLP" or the "Company") is pleased to announce changes to its Management team and Board of Directors, effective July 1, 2019. John T. Roche will be appointed as Chief Executive Officer and join the Board of Directors. John has been SDLP's Chief Financial Officer since 2015 and his appointment to CEO comes following the previously announced decision by Mark Morris to step down at the end of June 2019. Grant Creed will be appointed as Chief Financial Officer. Grant has been with Seadrill Limited for 8 years, most recently as

SDLP - Seadrill Partners Announces Contract Award for the West Capricorn

London, United Kingdom, June 17, 2019 - Seadrill Partners LLC ("SDLP" or "the Company") has secured a one well contract with Kosmos Energy Gulf of Mexico Operations, LLC, for the West Capricorn in the US Gulf of Mexico. Backlog for the contract is expected to be approximately $10 million and commencement is expected in Q4 2019. 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

SDLP - Seadrill Partners Announces One for Ten Reverse Unit Split

London, United Kingdom, May 30, 2019 - Seadrill Partners LLC (the "Company" or "SDLP") (NYSE: SDLP) announces a one-for-ten reverse unit split on its common units and subordinated units, which is expected to be effective after the close of trading on July 1, 2019. Trading of the split adjusted common units will commence the following day under the same ticker symbol "SDLP" on the New York Stock Exchange. The reverse split will affect all common and subordinated unitholders uniformly and will not alter unit classes or ownership interests in the Company, except to the extent that the

SDLP - Seadrill Partners LLC Announces First Quarter 2019 Results

Highlights · Operating revenue of $203.7 million.  · Operating income of $34.9 million.  · Net loss of $51.3 million · Adjusted EBITDA of $109.0 million.  · Cash and cash equivalents of $772.9 million. · Economic utilization of 97%.  · Order backlog of $755 million as of May 23, 2019. · 1 cent per common unit distribution for the first quarter of 2019. Financial Results Overview   Total operating revenues for the first quarter were $203.7 million (4Q18: $219.6 million). The decrease was primarily due to a full quarter of idle time for the West Aquarius and

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