Seadrill Partners, formed by Seadrill (SDRL +0.5%) to own, operate and acquire offshore drilling...

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Seadrill Partners, formed by Seadrill (SDRL +0.5%) to own, operate and acquire offshore drilling rigs, files for an IPO with a proposed maximum offering price of $225M. SDLP operating revenues moved to $497M in FY11 from $478M in FY10; for H1 2012, revenues improved 11% to $275M.