IPO Seadrill Partners (SDLP) is a growth-oriented limited liability company formed by Seadrill Limited (NYSE: SDRL) to own, operate and acquire offshore drilling rigs. Their drilling rigs are under long-term contracts with major oil companies such as Chevron, Total, BP and ExxonMobil. Seadrill Partners intends to grow their position in the offshore drilling market by continuing service for these customers and leveraging the relationships, expertise and reputation of Seadrill to re-contract and expand their fleet.
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