Seadrill Partners LLC (OTCMKTS: SDLPQ) is an offshore drilling master limited partnership that owns and operates a fleet of high-specification semisubmersible rigs and drillships. The partnership provides contract drilling services to major oil and gas exploration and production companies, focusing on deepwater and ultra-deepwater environments. Its vessels are equipped with advanced drilling systems, dynamic positioning and enhanced safety features designed to support complex drilling programs.
The company’s fleet comprises a mix of semisubmersibles and drillships under long-term charters in key offshore basins around the world. Seadrill Partners serves regions including the U.S. Gulf of Mexico, Brazil, West Africa, the Middle East and the Asia-Pacific. By securing multi-year drilling contracts, the partnership aims to deliver stable cash flow and operational continuity for its clients, while benefiting from Seadrill’s technical and logistical support.
Seadrill Partners was formed in 2014 as a spin-off from Seadrill Ltd., structured as a master limited partnership to provide investors with exposure to offshore drilling assets and contract revenues. Headquartered in Bermuda and incorporated in the Marshall Islands, the partnership relies on Seadrill’s operating platform and management services, drawing on decades of industry experience to optimize rig utilization and performance.
With a focus on safety, efficiency and environmental responsibility, Seadrill Partners deploys rigorous maintenance programs and industry-leading compliance standards across its fleet. The partnership’s business model emphasizes long-term customer relationships and high-specification assets to meet the evolving demands of offshore energy producers worldwide.
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