On the Record · Seadrill
Seadrill acquisitions, on the record
The businesses Seadrill bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
entities that own and operate the West Polaris (sold to Seadrill Partners)Word for word“In June 2015, the Company completed the sale of the entities that own and operate the West Polaris to Seadrill Partners.” 20-F for 2015 | divestiture | June 2015 | — |
SFL West Polaris Limited (owner of West Polaris, bought from Ship Finance)Word for word“The acquisition price for the shares and the loan amounted to $111 million .” 20-F for 2015 | acquisition | — | $111 million |
tender rig business (sold to SapuraKencana)Word for word“The sale closed on April 30, 2013.” 20-F for 2015 | divestiture | April 30, 2013 | — |
drillships West Auriga and West Vela (sold to Seadrill Partners)Word for word“In 2014 , we recorded a gain of $632 million on the sale of the drillships West Auriga and West Vela to Seadrill Partners.” 20-F for 2015 | divestiture | 2014 | — |
28% limited partner interest in Seadrill Operating LP (sold to Seadrill Partners)Word for word“On July 21, 2014 , the Company sold a 28% limited partner interest in Seadrill Operating LP, a subsidiary of Seadrill Partners, to Seadrill Partners for cash consideration of $373 million .” 20-F for 2015 | divestiture | July 21, 2014 | $373 million |
West PolarisWord for word“In December 2014, we exercised a purchase option for the West Polaris , an ultra-deepwater drillship, from Ship Finance.” 20-F for 2016 | acquisition | December 2014 | — |
SFL Polaris LtdWord for word“On December 30, 2014 , we entered into a share sale and purchase agreement with Ship Finance, through which we acquired 100% of the equity interests in SFL Polaris Ltd, which was the owner of West Polaris .” 20-F for 2016 | acquisition | December 30, 2014 | — |
West PolarisWord for word“In June 2015, we completed the sale of the entities that own and operate the West Polaris to Seadrill Partners.” 20-F for 2016 | divestiture | June 2015 | — |
five jack-up rigs to SeaMexWord for word“In 2015 we recorded a net loss of $63 million relating to the loss on disposals of the West Polaris , West Mira and West Rigel , which was partially offset by a gain of $181 million on the disposal of our five jack-up rigs to SeaMex.” 20-F for 2016 | divestiture | 2015 | a gain of $181 million on the disposal of our five jack-up rigs to SeaMex |
West Auriga and West VelaWord for word“In 2014, we recorded a gain of $632 million on the sale of the drillships West Auriga and West Vela to Seadrill Partners.” 20-F for 2016 | divestiture | 2014 | a gain of $632 million on the sale of the drillships West Auriga and West Vela to Seadrill Partners |
tender rig businessWord for word“Following the sale of the majority of the tender rig business to SapuraKencana, which closed on April 30, 2013, and further the deconsolidation of Seadrill Partners on January 2, 2014 the Company no longer operates in the tender rig segment.” 20-F for 2016 | divestiture | April 30, 2013 | — |
West Triton, West Mischief and West ResoluteWord for word“On April 29, 2017 we reached an agreement with Shelf Drilling to sell the West Triton, West Mischief and West Resolute for a total cash consideration of $225 million .” 20-F for 2017 | agreed divestiture | On April 29, 2017 | $225 million |
the entities that own and operate the West PolarisWord for word“West Polaris facility - In June 2015 , we completed the sale of the entities that own and operate the West Polaris to Seadrill Partners.” 20-F for 2017 | divestiture | In June 2015 | — |
Read from Seadrill’s annual reports (20-F for 2017, 20-F for 2016, 20-F for 2015) and the financial data it files with the SEC, as of 2018-04-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.