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What Factors Will Affect SDLP’s Second-Quarter Revenue?

Sue Goodridge
What Factors Will Affect SDLP’s Second-Quarter Revenue?

In the first quarter, Seadrill Partners’ (SDLP) operating revenue fell to $194.3 million from $256.2 million in the previous quarter, a sequential fall of 24%. Seadrill Partners earns its revenue by operating semisubmersibles, drill ships, tender rigs, and barges. The decrease in Seadrill’s first-quarter revenue was the result of a full quarter of idle time for West Polaris, West Vencedor‘s becoming idle during the quarter, and idle time on West Auriga related to planned maintenance.