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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...