Contents Highlights 4Q 2011 Market prospects New investments Contract backlog 4Q 2011 accounts Seadrill North Atlantic Drilling Q&A session 6th gen. semi-submersible rig West Leo 2
Highlights Full year 2011 Seadrill generates 2011 EBITDA of US2,337 million Earnings per share of US3.09 US3.06 per share in cash dividends to shareholders Record uptime performance for rig fleet Added 8 newbuilds and…
Highlights Fourth quarter 2011 Seadrill generates fourth quarter 2011 EBITDA of US575 million Continued sound operation of a growing rig fleet Seadrill reports fourth quarter 2011 net loss of US82million and loss per share of…
Highlights Recent contracts West Offshore Offshore West West Leda Defender Mischief Navigator Esperanza Dayrate US133,500 US130,000 US172,000 US595,000 US235,000 Contract term 1.5 years 4 years 6 months 1.5 years 1.5 years Rig…
Highlights - Market trends Ultra-deepwater international Limited rig availability the next two years Significant exploration success Strong increase in demand for new equipment absorbing newbuilds Daily rates continuing higher -…
Highlights Two new drillships ordered at Samsung 2 ultra-deepwater units Samsung design 12,000ft water depth capacity Total project cost per rig US600 million Deliveries scheduled in 2Q and 3Q/2014 Technical specifications…
Seadrill considers a separate listing of its Brazilian deepwater operations Seabras would be a Brazilian listed company majority owned by Seadrill Initial fleet to include: 3 ultra-deepwater rigs Rationale for listing:…
Seadrill in pole position Versatile fleet of brand new rigs Global footprint and critical mass in all important regions Strong operational performance Record high revenue backlog and earnings visibility Significantly improved…
Financial performance highlights 13
EBITDA contribution 14
Operating Income 15
Net Income 16
Operating Income - Floaters 17
Operating Income Jack-up rigs 18
Operating Income Tender rigs 19
Seadrill Balance Sheet 20
Seadrill Balance Sheet 21
North Atlantic Drilling Financial reporting highlights 22
North Atlantic Drilling US Listing Rationale for a US listing Stock liquidity and to attract yield investors - strategy has served Seadrill well US investors competence of the offshore drilling business is generally high…
Asset portfolio Core fleet 52 units built after Y2000 10 built before Y2000 19 Ultra-Deepwater Units + 1 Mid-water semi 1 Mid-water Semi 19 High Specification Jack-ups 2 Jack-ups 13 Tender Rigs 7 Tender Rigs…
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