Second quarter highlights Q2 highlights Migration completed Sevan Drilling Ltd listed 30 June 2015 Q2 fleet technical utilization - 95% percent Financial highlights Operating revenue USD 99.4 million EBITDA of USD 52.1…
Company Update 4
Company update Operational performance Q2 Fleet utilization 95% OPEX and utilization 250 000 Sevan Driller 91% 90% 93% 92% 92% 95% 64% 94% 83% 95% Sevan Brasil 99% 200 000 Sevan Louisiana 94% (USD per day) 150 000 211…
Company update Contract backlog * 2015 2016 2017 2018 Sevan Driller Petrobras, Brazil Q2 2016 (2010) Sevan Brasil Petrobras, Brazil Q2 2018 USD 0.9 billion (2012) backlog contract revenue on 3 rigs Sevan Louisiana LLOG, US…
Financial Update 7
Income Statement Income statement Unaudited figures in USD million Q2 2015 Q2 2014 Operating revenue 99.4 88.6 Three rigs under contract in 2015 Operating expense -43.2 -42.4 Improved revenues General & administrative expense -3.9…
Balance sheet Balance sheet items As at 31 June As at 31 December Unaudited figures in USD million 2015 2014 ASSETS Assets Drilling rigs 1,814.4 1,833.8 Other fixed assets 0.8 1.1 Cash and cash equivalents Other non-current assets…