Last $37.37 USD
Change Today -0.20 / -0.53%
Volume 2.4M
As of 8:04 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

seadrill ltd (SDRL) Snapshot

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52 Week High
09/19/13 - $48.09
52 Week Low
04/17/14 - $32.40
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seadrill ltd (SDRL) Details

Seadrill Limited, an offshore drilling contractor, provides offshore drilling services to the oil and gas industry worldwide. The company operates in three segments: Floaters, Jack-up Rigs, and Tender Rigs. The Floaters segment offers services, such as drilling, completion, and maintenance of offshore exploration and production wells under contracts relating to semi-submersible rigs and drillships for harsh and benign environments in mid, deep, and ultra-deep waters. The Jack-up Rigs segment provides services, including drilling, completion, and maintenance of offshore exploration and production wells under contracts relating to jack-up rigs for operations in harsh and benign environment. The Tender Rigs segment operates self-erecting tender barges and semi-submersible tender rigs, which are used for production drilling and well maintenance in Southeast Asia and West Africa. As of December 31, 2013, the company had a fleet of 69 units consisting of 15 semi-submersible rigs, 7 drillships, 20 jack-up rigs, 3 tender rigs, and 24 units under construction. Its customers include oil and gas exploration and production companies, including integrated oil companies, independent oil and gas producers, and government-owned oil and gas companies. The company is headquartered in Hamilton, Bermuda.

8,965 Employees
Last Reported Date: 04/17/14

seadrill ltd (SDRL) Top Compensated Officers

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seadrill ltd (SDRL) Key Developments

Seadrill in Cooperation with Field Offshore Design Engineering Nigeria Limited Secures Commitment for New Build Ultra-Deepwater Unit West Saturn

Seadrill Limited in cooperation with indigenous partner Field Offshore Design Engineering Nigeria Limited has secured a contract with Esso Exploration and Production Nigeria Limited for employment of the new build ultra-deepwater drillship West Saturn, in support of the ERHA North Phase 2 project in Nigeria. The contract is for a firm period of two years plus a one year option and has a total revenue potential for Seadrill and Field Offshore Design Engineering Nigeria Limited for the primary contract term of approximately $497 million, inclusive of mobilization. The West Saturn is a 6th generation drillship, currently under construction at Samsung Heavy Industries in Geoje, South Korea with expected delivery in September 2014 and marks the sixth Seadrill unit to commence operation in the last 12 months. The unit will initially be outfitted to work in up to 10,000 ft. of water and is capable of handling two BOP's, operating in up to 12,000 ft. of water and drilling depths up to 40,000 ft.

Seadrill Limited Receives Commitments from 17 Banks for $1.35 Billion Credit Facility

Seadrill Limited has received commitments from 17 banks for a $1.35 billion credit facility with a 5 year term and 10 year amortization profile to refinance the credit facilities secured by the West Pegasus, West Gemini, and West Orion. The transaction was initially launched as a $900 million facility secured by two ultra-deepwater units. However, due to strong interest from the Company's banking group, the facility was upsized to $1.35 billion by including one additional ultra-deepwater unit in the collateral package. The new loan will be priced at a margin of Libor plus 2% and was substantially oversubscribed, demonstrating the strength of Seadrill's credit in the banking market. This refinancing will provide Seadrill with $350 million in additional cash.

SeaDrill Mulls Acquisitions

SeaDrill Limited (NYSE:SDRL), which has received commitments from 17 banks for a $1.35 billion credit facility, is looking for acquisitions. Seadrill's diversified funding strategy has resulted in the company being in the best possible financial situation in its history, with significant financial flexibility to support the dividend and prepared to act on potentially attractive acquisition opportunities created by the temporary weakness in the market.


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Odfjell Drilling Ltd 32.30 NOK -0.50
Pacific Drilling SA $9.74 USD -0.15
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Valuation SDRL Industry Range
Price/Earnings 3.5x
Price/Sales 3.6x
Price/Book 1.7x
Price/Cash Flow 2.9x
TEV/Sales 0.1x

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