Seadrill Partners files for IPO
Seadrill Partners LLC ("Seadrill Partners") announced today that it has filed a registration statement with the U.S. Securities and Exchange Commission (the "SEC") for an initial public offering of Seadrill Partners' common units. Seadrill Partners has applied to list its common units on The New York Stock Exchange under the symbol "SDLP," the Company press release said.
Seadrill Partners was formed by Seadrill Limited to own, operate and acquire offshore drilling rigs under long-term contracts. Seadrill Partners' initial fleet will consist of two semi-submersible rigs (West Capricorn and West Aquarius), one drillship (West Capella) and one tender rig (West Vencedor).
Citigroup will act as the lead bookrunning manager of the offering.