Actionable news
0
All posts from Actionable news
Actionable news in RIG: TRANSOCEAN Ltd.,

A Look at Seadrill Partners’ Backlog and Contracts

Seadrill Partners Can Weather Downturn: What about Its Dividends?

(Continued from Prior Part)

Total backlog

Seadrill Partners’ (SDLP) has a total backlog of $4.3 billion, which is 247% of its 2015 revenue. This is the highest among its peers.

Although the company has a strong backlog, its average contract duration is only 2.5 years, which is comparatively lower than its peers. A company’s backlog helps to indicate what its future revenue may be.

Strong 2016 backlog

Out of Seadrill Partners’ (SDLP) 11 rigs, ten are fully contracted throughout 2016. Seadrill Partners’ backlog for...


More