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How Seadrill Partners’ Costs Looked in Q1 2018

Sue Goodridge
Updated
How Seadrill Partners’ Costs Looked in Q1 2018

Seadrill Partners’ (SDLP) vessel and rig-operating expenses dropped 18.7% to $76.4 million in the first quarter compared to $94 million in the previous quarter. In the chart above, we can see that Seadrill Partners’ expense-to-revenue ratio rose to 39% in the first quarter compared to 35% in the previous quarter and 23% in the first quarter of 2017. Seadrill Partners’ G&A (general and administrative) expenses fell to $10.9 million in the first quarter compared to $11.6 million in the previous quarter.

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