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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 369.25 Td (The ) Tj ET Q q 0 0 0 rg BT 69.05 369.25 Td (net ) Tj ET Q q 0 0 0 rg BT 84.94 369.25 Td (result ) Tj ET Q q 0 0 0 rg BT 111.82 369.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.43 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.32 369.25 Td (above ) Tj ET Q q 0 0 0 rg BT 168.03 369.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.82 369.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.76 369.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 240.75 369.25 Td (income ) Tj ET Q q 0 0 0 rg BT 275.57 369.25 Td (for ) Tj ET Q q 0 0 0 rg BT 290.84 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 306.73 369.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 340.33 369.25 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 359.88 369.25 Td ($238.1 ) Tj ET Q q 0 0 0 rg BT 392.58 369.25 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 424.36 369.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.81 369.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 472.62 369.25 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 483.62 369.25 Td ($209.4 ) Tj ET Q q 0 0 0 rg BT 516.32 369.25 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 548.10 369.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 356.05 Td (in ) Tj ET Q q 0 0 0 rg BT 60.81 356.05 Td (the ) Tj ET Q q 0 0 0 rg BT 76.99 356.05 Td (preceding ) Tj ET Q q 0 0 0 rg BT 123.11 356.05 Td (quarter) Tj ET Q q 0 0 0 rg BT 153.65 356.05 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 336.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 93.04 336.85 Td (and ) Tj ET Q q 0 0 0 rg BT 111.52 336.85 Td (other ) Tj ET Q q 0 0 0 rg BT 136.72 336.85 Td (items ) Tj ET Q q 0 0 0 rg BT 163.16 336.85 Td (comprised ) Tj ET Q q 0 0 0 rg BT 211.58 336.85 Td (an ) Tj ET Q q 0 0 0 rg BT 224.57 336.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 262.60 336.85 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 274.36 336.85 Td ($43.7 ) Tj ET Q q 0 0 0 rg BT 301.72 336.85 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.50 336.85 Td ( ) Tj ET Q q 0 0 0 rg BT 336.10 336.85 Td (for ) Tj ET Q q 0 0 0 rg BT 351.53 336.85 Td (the ) Tj ET Q q 0 0 0 rg BT 367.57 336.85 Td (fourth ) Tj ET Q q 0 0 0 rg BT 397.05 336.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 430.80 336.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 476.77 336.85 Td (to ) Tj ET Q q 0 0 0 rg BT 487.93 336.85 Td (an ) Tj ET Q q 0 0 0 rg BT 500.92 336.85 Td (expense ) Tj ET Q q 0 0 0 rg BT 538.95 336.85 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 323.65 Td ($125.4 ) Tj ET Q q 0 0 0 rg BT 82.47 323.65 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 114.25 323.65 Td ( ) Tj ET Q q 0 0 0 rg BT 116.97 323.65 Td (in ) Tj ET Q q 0 0 0 rg BT 128.24 323.65 Td (the ) Tj ET Q q 0 0 0 rg BT 144.40 323.65 Td (third ) Tj ET Q q 0 0 0 rg BT 167.90 323.65 Td (quarter ) Tj ET Q q 0 0 0 rg BT 201.76 323.65 Td (primarily ) Tj ET Q q 0 0 0 rg BT 245.42 323.65 Td (due ) Tj ET Q q 0 0 0 rg BT 264.02 323.65 Td (to ) Tj ET Q q 0 0 0 rg BT 275.29 323.65 Td (a ) Tj ET Q q 0 0 0 rg BT 282.89 323.65 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 325.32 323.65 Td (gain ) Tj ET Q q 0 0 0 rg BT 346.98 323.65 Td (on ) Tj ET Q q 0 0 0 rg BT 360.70 323.65 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 432.44 323.65 Td (valuation ) Tj ET Q q 0 0 0 rg BT 476.09 323.65 Td (of ) Tj ET Q q 0 0 0 rg BT 487.98 323.65 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 538.96 323.65 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 310.45 Td ($31.9 ) Tj ET Q q 0 0 0 rg BT 77.00 310.45 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.78 310.45 Td (, ) Tj ET Q q 0 0 0 rg BT 114.28 310.45 Td (as ) Tj ET Q q 0 0 0 rg BT 126.19 310.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 172.31 310.45 Td (to ) Tj ET Q q 0 0 0 rg BT 183.62 310.45 Td (a ) Tj ET Q q 0 0 0 rg BT 191.25 310.45 Td (loss ) Tj ET Q q 0 0 0 rg BT 211.12 310.45 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 223.03 310.45 Td ($56.1 ) Tj ET Q q 0 0 0 rg BT 250.53 310.45 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 282.31 310.45 Td ( ) Tj ET Q q 0 0 0 rg BT 285.06 310.45 Td (in ) Tj ET Q q 0 0 0 rg BT 296.37 310.45 Td (the ) Tj ET Q q 0 0 0 rg BT 312.55 310.45 Td (third ) Tj ET Q q 0 0 0 rg BT 336.08 310.45 Td (quarter) Tj ET Q q 0 0 0 rg BT 366.62 310.45 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 291.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 68.13 291.25 Td (income ) Tj ET Q q 0 0 0 rg BT 103.26 291.25 Td (before ) Tj ET Q q 0 0 0 rg BT 134.10 291.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.29 291.25 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 170.15 291.25 Td ($194.4 ) Tj ET Q q 0 0 0 rg BT 203.15 291.25 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 234.93 291.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.68 291.25 Td (for ) Tj ET Q q 0 0 0 rg BT 253.25 291.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.44 291.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 299.07 291.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 332.97 291.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 379.09 291.25 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 390.39 291.25 Td ($84.0 ) Tj ET Q q 0 0 0 rg BT 417.89 291.25 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 449.67 291.25 Td ( ) Tj ET Q q 0 0 0 rg BT 452.42 291.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.73 291.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.92 291.25 Td (third ) Tj ET Q q 0 0 0 rg BT 503.44 291.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 533.98 291.25 Td (. ) Tj ET Q q 0 0 0 rg BT 539.48 291.25 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 272.05 Td (Income ) Tj ET Q q 0 0 0 rg BT 84.96 272.05 Td (taxes ) Tj ET Q q 0 0 0 rg BT 110.04 272.05 Td (for ) Tj ET Q q 0 0 0 rg BT 125.34 272.05 Td (the ) Tj ET Q q 0 0 0 rg BT 141.25 272.05 Td (fourth ) Tj ET Q q 0 0 0 rg BT 170.61 272.05 Td (quarter ) Tj ET Q q 0 0 0 rg BT 204.24 272.05 Td (were ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 228.08 272.05 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 249.81 272.05 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 281.59 272.05 Td ( ) Tj ET Q q 0 0 0 rg BT 284.07 272.05 Td (compared ) Tj ET Q q 0 0 0 rg BT 329.91 272.05 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 340.94 272.05 Td ($48.6 ) Tj ET Q q 0 0 0 rg BT 368.17 272.05 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 399.95 272.05 Td ( ) Tj ET Q q 0 0 0 rg BT 402.42 272.05 Td (in ) Tj ET Q q 0 0 0 rg BT 413.46 272.05 Td (the ) Tj ET Q q 0 0 0 rg BT 429.37 272.05 Td (third ) Tj ET Q q 0 0 0 rg BT 452.62 272.05 Td (quarter) Tj ET Q q 0 0 0 rg BT 483.16 272.05 Td (. ) Tj ET Q q 0 0 0 rg BT 488.39 272.05 Td ( ) Tj ET Q q 0 0 0 rg BT 490.69 272.05 Td (The ) Tj ET Q q 0 0 0 rg BT 510.26 272.05 Td (decrease ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 258.85 Td (is ) Tj ET Q q 0 0 0 rg BT 59.14 258.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 102.37 258.85 Td (due ) Tj ET Q q 0 0 0 rg BT 120.55 258.85 Td (to ) Tj ET Q q 0 0 0 rg BT 131.40 258.85 Td (the ) Tj ET Q q 0 0 0 rg BT 147.14 258.85 Td (recognition ) Tj ET Q q 0 0 0 rg BT 199.54 258.85 Td (of ) Tj ET Q q 0 0 0 rg BT 211.00 258.85 Td (a ) Tj ET Q q 0 0 0 rg BT 218.18 258.85 Td (deferred ) Tj ET Q q 0 0 0 rg BT 257.11 258.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 272.85 258.85 Td (liability ) Tj ET Q q 0 0 0 rg BT 309.37 258.85 Td (in ) Tj ET Q q 0 0 0 rg BT 320.22 258.85 Td (the ) Tj ET Q q 0 0 0 rg BT 335.96 258.85 Td (preceding ) Tj ET Q q 0 0 0 rg BT 381.63 258.85 Td (quarter ) Tj ET Q q 0 0 0 rg BT 415.07 258.85 Td (related ) Tj ET Q q 0 0 0 rg BT 447.29 258.85 Td (to ) Tj ET Q q 0 0 0 rg BT 458.15 258.85 Td (a ) Tj ET Q q 0 0 0 rg BT 465.33 258.85 Td (change ) Tj ET Q q 0 0 0 rg BT 498.78 258.85 Td (in ) Tj ET Q q 0 0 0 rg BT 509.63 258.85 Td (Nigerian ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 245.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.69 245.60 Td (law) Tj ET Q q 0 0 0 rg BT 80.86 245.60 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 226.40 Td (Net ) Tj ET Q q 0 0 0 rg BT 68.46 226.40 Td (income ) Tj ET Q q 0 0 0 rg BT 103.92 226.40 Td (attributable ) Tj ET Q q 0 0 0 rg BT 157.09 226.40 Td (to ) Tj ET Q q 0 0 0 rg BT 168.72 226.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 206.02 226.40 Td (Partners ) Tj ET Q q 0 0 0 rg BT 245.14 226.40 Td (LLC ) Tj ET Q q 0 0 0 rg BT 268.99 226.40 Td (Members ) Tj ET Q q 0 0 0 rg BT 313.62 226.40 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 333.81 226.40 Td ($96.2 ) Tj ET Q q 0 0 0 rg BT 361.63 226.40 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 393.42 226.40 Td ( ) Tj ET Q q 0 0 0 rg BT 396.49 226.40 Td (for ) Tj ET Q q 0 0 0 rg BT 412.40 226.40 Td (the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 428.92 226.40 Td (fourth ) Tj ET Q q 0 0 0 rg BT 458.88 226.40 Td (quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 490.03 226.40 Td ( ) Tj ET Q q 0 0 0 rg BT 493.10 226.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 539.55 226.40 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 213.20 Td ($) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 55.00 213.20 Td (21.5 ) Tj ET Q q 0 0 0 rg BT 77.00 213.20 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 108.78 213.20 Td ( ) Tj ET Q q 0 0 0 rg BT 111.53 213.20 Td (for ) Tj ET Q q 0 0 0 rg BT 127.11 213.20 Td (the ) Tj ET Q q 0 0 0 rg BT 143.30 213.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 183.93 213.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 214.47 213.20 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 194.00 Td (Distributable ) Tj ET Q q 0 0 0 rg BT 110.05 194.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 132.71 194.00 Td (flow) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 152.87 198.98 Td (1) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 156.45 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 159.56 194.00 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 179.78 194.00 Td ($98.9 ) Tj ET Q q 0 0 0 rg BT 207.65 194.00 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 239.43 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 242.55 194.00 Td (for ) Tj ET Q q 0 0 0 rg BT 258.49 194.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 295.82 194.00 Td (Partners) Tj ET Q q 0 0 0 rg BT 334.71 194.00 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 337.82 194.00 Td (fourth ) Tj ET Q q 0 0 0 rg BT 367.82 194.00 Td (quarter) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 398.97 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 402.08 194.00 Td (as ) Tj ET Q q 0 0 0 rg BT 414.36 194.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 460.84 194.00 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 472.51 194.00 Td ($85.4 ) Tj ET Q q 0 0 0 rg BT 500.38 194.00 Td (million) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 532.16 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 535.28 194.00 Td (for ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 180.80 Td (the ) Tj ET Q q 0 0 0 rg BT 65.69 180.80 Td (third ) Tj ET Q q 0 0 0 rg BT 89.21 180.80 Td (quarter) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 120.36 185.78 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 122.15 180.80 Td (giving ) Tj ET Q q 0 0 0 rg BT 153.01 180.80 Td (a ) Tj ET Q q 0 0 0 rg BT 160.64 180.80 Td (coverage ) Tj ET Q q 0 0 0 rg BT 203.08 180.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 225.99 180.80 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 237.91 180.80 Td (5.26x) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 262.66 180.80 Td ( ) Tj ET Q q 0 0 0 rg BT 265.41 180.80 Td (for ) Tj ET Q q 0 0 0 rg BT 280.98 180.80 Td (the ) Tj ET Q q 0 0 0 rg BT 297.17 180.80 Td (fourth ) Tj ET Q q 0 0 0 rg BT 326.80 180.80 Td (quarter) Tj ET Q q 0 0 0 rg BT 357.34 180.80 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 161.60 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 105.42 161.60 Td (declared ) Tj ET Q q 0 0 0 rg BT 145.42 161.60 Td (for ) Tj ET Q q 0 0 0 rg BT 160.99 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.18 161.60 Td (period ) Tj ET Q q 0 0 0 rg BT 208.03 161.60 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 227.89 161.60 Td ($0.25) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 252.64 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.39 161.60 Td (per ) Tj ET Q q 0 0 0 rg BT 272.19 161.60 Td (unit, ) Tj ET Q q 0 0 0 rg BT 294.80 161.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 343.36 161.60 Td (to ) Tj ET Q q 0 0 0 rg BT 354.67 161.60 Td (an ) Tj ET Q q 0 0 0 rg BT 367.80 161.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 399.87 161.60 Td (distribution ) Tj ET Q q 0 0 0 rg BT 453.35 161.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.26 161.60 Td ($1.00.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 72.73 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.10 69.10 Td ( Please see ) Tj ET Q q 0 0 0 rg BT 88.31 69.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 121.42 69.10 Td (A) Tj ET Q q 0 0 0 rg BT 126.76 69.10 Td ( for a reconciliation of Distributable Cash Flow to net income, the most directly comparable US Generally ) Tj ET Q q 0 0 0 rg BT 468.44 69.10 Td (Accepted ) Tj ET Q q 0 0 0 rg BT 500.21 69.10 Td (Accounting ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 1 J 1 j 3 M 49 88.39999999999998 m 193 88.39999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 59.50 Td (Principles \("US GAAP"\) financial measure.) Tj ET Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 790.00 Td (Commer) Tj ET Q q 0 0 0 rg BT 90.84 790.00 Td (cial ) Tj ET Q q 0 0 0 rg BT 110.08 790.00 Td (Developments) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 770.80 Td (1. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 85.50 770.80 Td (W) Tj ET Q q 0 0 0 rg BT 93.65 770.80 Td (est ) Tj ET Q q 0 0 0 rg BT 108.62 770.80 Td (V) Tj ET Q q 0 0 0 rg BT 114.12 770.80 Td (encedor) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 757.60 Td (The ) Tj ET Q q 0 0 0 rg BT 103.95 757.60 Td (W) Tj ET Q q 0 0 0 rg BT 113.45 757.60 Td (est ) Tj ET Q q 0 0 0 rg BT 127.01 757.60 Td (V) Tj ET Q q 0 0 0 rg BT 133.74 757.60 Td (encedor ) Tj ET Q q 0 0 0 rg BT 169.99 757.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 205.03 757.60 Td (a ) Tj ET Q q 0 0 0 rg BT 211.36 757.60 Td (three ) Tj ET Q q 0 0 0 rg BT 234.80 757.60 Td (well ) Tj ET Q q 0 0 0 rg BT 255.18 757.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 292.06 757.60 Td (with ) Tj ET Q q 0 0 0 rg BT 313.06 757.60 Td (Petronas ) Tj ET Q q 0 0 0 rg BT 352.39 757.60 Td (in ) Tj ET Q q 0 0 0 rg BT 362.40 757.60 Td (Myanmar ) Tj ET Q q 0 0 0 rg BT 406.61 757.60 Td (which ) Tj ET Q q 0 0 0 rg BT 434.94 757.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 489.53 757.60 Td (in ) Tj ET Q q 0 0 0 rg BT 499.54 757.60 Td (November) Tj ET Q q 0 0 0 rg BT 545.36 757.60 Td (. ) Tj ET Q q 0 0 0 rg BT 550.86 757.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 744.40 Td (The ) Tj ET Q q 0 0 0 rg BT 105.35 744.40 Td (total ) Tj ET Q q 0 0 0 rg BT 127.65 744.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 165.21 744.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 206.45 744.40 Td (of ) Tj ET Q q 0 0 0 rg BT 218.36 744.40 Td (the ) Tj ET Q q 0 0 0 rg BT 234.55 744.40 Td (new ) Tj ET Q q 0 0 0 rg BT 255.63 744.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 293.80 744.40 Td (is ) Tj ET Q q 0 0 0 rg BT 303.89 744.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 370.17 744.40 Td ($27 ) Tj ET Q q 0 0 0 rg BT 389.42 744.40 Td (million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 718.00 Td (2. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 85.50 718.00 Td (T) Tj ET Q q 0 0 0 rg BT 90.80 718.00 Td (-15 ) Tj ET Q q 0 0 0 rg BT 108.21 718.00 Td (& ) Tj ET Q q 0 0 0 rg BT 119.52 718.00 Td (T) Tj ET Q q 0 0 0 rg BT 124.82 718.00 Td (-16) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 704.80 Td (One ) Tj ET Q q 0 0 0 rg BT 108.23 704.80 Td (year ) Tj ET Q q 0 0 0 rg BT 131.56 704.80 Td (contract ) Tj ET Q q 0 0 0 rg BT 171.39 704.80 Td (extensions ) Tj ET Q q 0 0 0 rg BT 222.23 704.80 Td (were ) Tj ET Q q 0 0 0 rg BT 248.01 704.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 286.00 704.80 Td (for ) Tj ET Q q 0 0 0 rg BT 303.23 704.80 Td (the ) Tj ET Q q 0 0 0 rg BT 320.76 704.80 Td (T) Tj ET Q q 0 0 0 rg BT 326.47 704.80 Td (-15 ) Tj ET Q q 0 0 0 rg BT 345.54 704.80 Td (and ) Tj ET Q q 0 0 0 rg BT 365.50 704.80 Td (T) Tj ET Q q 0 0 0 rg BT 371.21 704.80 Td (-16 ) Tj ET Q q 0 0 0 rg BT 390.28 704.80 Td (tender ) Tj ET Q q 0 0 0 rg BT 422.17 704.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 443.07 704.80 Td (with ) Tj ET Q q 0 0 0 rg BT 467.03 704.80 Td (Chevron ) Tj ET Q q 0 0 0 rg BT 509.00 704.80 Td (Thailand ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 691.60 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 140.95 691.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.34 691.60 Td (Production, ) Tj ET Q q 0 0 0 rg BT 214.88 691.60 Td (Ltd. ) Tj ET Q q 0 0 0 rg BT 238.92 691.60 Td (The ) Tj ET Q q 0 0 0 rg BT 259.53 691.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 302.75 691.60 Td (will ) Tj ET Q q 0 0 0 rg BT 323.38 691.60 Td (now ) Tj ET Q q 0 0 0 rg BT 345.84 691.60 Td (expire ) Tj ET Q q 0 0 0 rg BT 376.83 691.60 Td (in ) Tj ET Q q 0 0 0 rg BT 388.90 691.60 Td (July ) Tj ET Q q 0 0 0 rg BT 410.76 691.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.38 691.60 Td (August ) Tj ET Q q 0 0 0 rg BT 464.67 691.60 Td (2019, ) Tj ET Q q 0 0 0 rg BT 492.94 691.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 545.36 691.60 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 678.40 Td (The ) Tj ET Q q 0 0 0 rg BT 105.35 678.40 Td (total ) Tj ET Q q 0 0 0 rg BT 127.65 678.40 Td (backlog ) Tj ET Q q 0 0 0 rg BT 165.22 678.40 Td (of ) Tj ET Q q 0 0 0 rg BT 177.14 678.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.32 678.40 Td (two ) Tj ET Q q 0 0 0 rg BT 212.57 678.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 250.75 678.40 Td (extensions ) Tj ET Q q 0 0 0 rg BT 299.94 678.40 Td (is ) Tj ET Q q 0 0 0 rg BT 310.02 678.40 Td (approximately ) Tj ET Q q 0 0 0 rg BT 376.31 678.40 Td ($80 ) Tj ET Q q 0 0 0 rg BT 395.56 678.40 Td (million.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 652.00 Td (As ) Tj ET Q q 0 0 0 rg BT 100.09 652.00 Td (part ) Tj ET Q q 0 0 0 rg BT 119.57 652.00 Td (of ) Tj ET Q q 0 0 0 rg BT 131.10 652.00 Td (the ) Tj ET Q q 0 0 0 rg BT 146.91 652.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 195.08 652.00 Td (to ) Tj ET Q q 0 0 0 rg BT 206.01 652.00 Td (extend ) Tj ET Q q 0 0 0 rg BT 237.70 652.00 Td (the ) Tj ET Q q 0 0 0 rg BT 253.51 652.00 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 298.33 652.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.14 652.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 359.29 652.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 390.97 652.00 Td (to ) Tj ET Q q 0 0 0 rg BT 401.89 652.00 Td (a ) Tj ET Q q 0 0 0 rg BT 409.15 652.00 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 443.88 652.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 487.79 652.00 Td (on ) Tj ET Q q 0 0 0 rg BT 501.16 652.00 Td (the ) Tj ET Q q 0 0 0 rg BT 516.97 652.00 Td (current ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 638.80 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 130.94 638.80 Td (ef) Tj ET Q q 0 0 0 rg BT 139.29 638.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 172.20 638.80 Td (from ) Tj ET Q q 0 0 0 rg BT 196.58 638.80 Td (October ) Tj ET Q q 0 0 0 rg BT 234.99 638.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 246.23 638.80 Td (2015. ) Tj ET Q q 0 0 0 rg BT 276.06 638.80 Td (As ) Tj ET Q q 0 0 0 rg BT 291.28 638.80 Td (a ) Tj ET Q q 0 0 0 rg BT 299.15 638.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 329.33 638.80 Td (the ) Tj ET Q q 0 0 0 rg BT 345.76 638.80 Td (backlog ) Tj ET Q q 0 0 0 rg BT 383.57 638.80 Td (of ) Tj ET Q q 0 0 0 rg BT 395.72 638.80 Td (the ) Tj ET Q q 0 0 0 rg BT 412.15 638.80 Td (current ) Tj ET Q q 0 0 0 rg BT 446.29 638.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 488.98 638.80 Td (is ) Tj ET Q q 0 0 0 rg BT 499.31 638.80 Td (reduced ) Tj ET Q q 0 0 0 rg BT 537.11 638.80 Td (by ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 625.60 Td ($35 ) Tj ET Q q 0 0 0 rg BT 104.75 625.60 Td (million.) 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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 67.50 559.60 Td (3. ) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 85.50 559.60 Td (W) Tj ET Q q 0 0 0 rg BT 93.65 559.60 Td (est ) Tj ET Q q 0 0 0 rg BT 108.62 559.60 Td (Polaris) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 546.40 Td (The ) Tj ET Q q 0 0 0 rg BT 105.62 546.40 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 141.01 546.40 Td (for ) Tj ET Q q 0 0 0 rg BT 156.86 546.40 Td (the ) Tj ET Q q 0 0 0 rg BT 173.10 546.40 Td (W) Tj ET Q q 0 0 0 rg BT 182.60 546.40 Td (est ) Tj ET Q q 0 0 0 rg BT 197.84 546.40 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 231.42 546.40 Td (has ) Tj ET Q q 0 0 0 rg BT 249.10 546.40 Td (been ) Tj ET Q q 0 0 0 rg BT 272.89 546.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 319.27 546.40 Td (from ) Tj ET Q q 0 0 0 rg BT 343.67 546.40 Td ($653,000 ) Tj ET Q q 0 0 0 rg BT 387.94 546.40 Td (to ) Tj ET Q q 0 0 0 rg BT 399.52 546.40 Td ($490,000 ) Tj ET Q q 0 0 0 rg BT 443.79 546.40 Td (as ) Tj ET Q q 0 0 0 rg BT 455.98 546.40 Td (part ) Tj ET Q q 0 0 0 rg BT 476.10 546.40 Td (of ) Tj ET Q q 0 0 0 rg BT 488.28 546.40 Td (a ) Tj ET Q q 0 0 0 rg BT 496.19 546.40 Td (commercial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 533.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 134.61 533.20 Td (with ) Tj ET Q q 0 0 0 rg BT 157.48 533.20 Td (ExxonMobil. ) Tj ET Q q 0 0 0 rg BT 219.14 533.20 Td ( ) Tj ET Q q 0 0 0 rg BT 222.45 533.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 259.97 533.20 Td (Partners ) Tj ET Q q 0 0 0 rg BT 299.33 533.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 340.50 533.20 Td (the ) Tj ET Q q 0 0 0 rg BT 357.24 533.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 377.66 533.20 Td (based ) Tj ET Q q 0 0 0 rg BT 406.02 533.20 Td (on ) Tj ET Q q 0 0 0 rg BT 420.32 533.20 Td (a ) Tj ET Q q 0 0 0 rg BT 428.51 533.20 Td ($450,000 ) Tj ET Q q 0 0 0 rg BT 473.07 533.20 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 508.74 533.20 Td (and ) Tj ET Q q 0 0 0 rg BT 527.93 533.20 Td (pays ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 520.00 Td (anything ) Tj ET Q q 0 0 0 rg BT 127.08 520.00 Td (above ) Tj ET Q q 0 0 0 rg BT 156.43 520.00 Td (this ) Tj ET Q q 0 0 0 rg BT 175.41 520.00 Td (rate, ) Tj ET Q q 0 0 0 rg BT 197.72 520.00 Td (net ) Tj ET Q q 0 0 0 rg BT 214.25 520.00 Td (of ) Tj ET Q q 0 0 0 rg BT 226.49 520.00 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 289.78 520.00 Td (to ) Tj ET Q q 0 0 0 rg BT 301.42 520.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 338.72 520.00 Td (in ) Tj ET Q q 0 0 0 rg BT 350.36 520.00 Td (the ) Tj ET Q q 0 0 0 rg BT 366.88 520.00 Td (form ) Tj ET Q q 0 0 0 rg BT 391.35 520.00 Td (of ) Tj ET Q q 0 0 0 rg BT 403.60 520.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 443.32 520.00 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 508.41 520.00 Td (therefore ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 85.50 506.80 Td (this ) Tj ET Q q 0 0 0 rg BT 104.14 506.80 Td (has ) Tj ET Q q 0 0 0 rg BT 121.56 506.80 Td (no ) Tj ET Q q 0 0 0 rg BT 135.31 506.80 Td (impact ) Tj ET Q q 0 0 0 rg BT 167.99 506.80 Td (on ) Tj ET Q q 0 0 0 rg BT 181.74 506.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 221.15 506.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 260.87 506.80 Td ( ) Tj ET Q q 0 0 0 rg BT 263.62 506.80 Td (or ) Tj ET Q q 0 0 0 rg BT 275.53 506.80 Td (backlog.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 474.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 86.46 474.40 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 127.24 474.40 Td (orderbacklog ) Tj ET Q q 0 0 0 rg BT 188.02 474.40 Td (as ) Tj ET Q q 0 0 0 rg BT 199.93 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 211.85 474.40 Td (February ) Tj ET Q q 0 0 0 rg BT 254.31 474.40 Td (24, ) Tj ET Q q 0 0 0 rg BT 270.81 474.40 Td (2016 ) Tj ET Q q 0 0 0 rg BT 295.56 474.40 Td (is ) Tj ET Q q 0 0 0 rg BT 305.64 474.40 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 327.64 474.40 Td (billion ) Tj ET Q q 0 0 0 rg BT 359.12 474.40 Td (and ) Tj ET Q q 0 0 0 rg BT 377.75 474.40 Td (average ) Tj ET Q q 0 0 0 rg BT 414.69 474.40 Td (contract ) Tj ET Q q 0 0 0 rg BT 452.86 474.40 Td (duration ) Tj ET Q q 0 0 0 rg BT 492.27 474.40 Td (is ) Tj ET Q q 0 0 0 rg BT 502.36 474.40 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 518.86 474.40 Td (years.) 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Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 371.20 Td (Interest ) Tj ET Q q 0 0 0 rg BT 85.23 371.20 Td (bearing ) Tj ET Q q 0 0 0 rg BT 120.97 371.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 142.66 371.20 Td (was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 162.51 371.20 Td ($3.9 ) Tj ET Q q 0 0 0 rg BT 184.51 371.20 Td (billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 213.24 371.20 Td ( ) Tj ET Q q 0 0 0 rg BT 215.99 371.20 Td (as ) Tj ET Q q 0 0 0 rg BT 227.90 371.20 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 239.81 371.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 304.26 371.20 Td (2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 326.26 371.20 Td (. ) Tj ET Q q 0 0 0 rg BT 331.76 371.20 Td ( ) Tj ET Q q 0 0 0 rg BT 334.31 371.20 Td (This ) Tj ET Q q 0 0 0 rg BT 356.61 371.20 Td (is ) Tj ET Q q 0 0 0 rg BT 366.70 371.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 415.27 371.20 Td (of:) Tj ET Q 0 0.28627450980392155 0.4980392156862745 rg /GS0 gs 50.00 354.70 146.00 -15.00 re f /GS0 gs 0 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309.69999999999993 m 50 294.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 309.69999999999993 m 529 294.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 294.69999999999993 m 50 279.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 294.69999999999993 m 529 279.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 279.69999999999993 m 50 264.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 279.69999999999993 m 529 264.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 264.69999999999993 m 50 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 249.69999999999993 m 196 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 249.69999999999993 m 280 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 249.69999999999993 m 362 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 249.69999999999993 m 446 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 264.69999999999993 m 529 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 249.69999999999993 m 529 249.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 249.69999999999993 m 50 234.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 249.69999999999993 m 529 234.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 234.69999999999993 m 50 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 219.69999999999993 m 196 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 219.69999999999993 m 280 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 219.69999999999993 m 362 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 219.69999999999993 m 446 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 234.69999999999993 m 529 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 219.69999999999993 m 529 219.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 219.69999999999993 m 50 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 204.69999999999993 m 196 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 204.69999999999993 m 280 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 204.69999999999993 m 362 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 204.69999999999993 m 446 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 219.69999999999993 m 529 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 204.69999999999993 m 529 204.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 204.69999999999993 m 50 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 204.69999999999993 m 529 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 189.69999999999993 m 50 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 189.69999999999993 m 196 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 189.69999999999993 m 280 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 189.69999999999993 m 362 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 189.69999999999993 m 446 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 189.69999999999993 m 529 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 189.69999999999993 m 529 189.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 174.69999999999993 m 50 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 174.69999999999993 m 196 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 174.69999999999993 m 280 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 174.69999999999993 m 362 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 174.69999999999993 m 446 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 174.69999999999993 m 529 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 174.69999999999993 m 529 174.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 159.69999999999993 m 50 145.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 159.69999999999993 m 196 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 50 145.69999999999993 m 196 145.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 159.69999999999993 m 280 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 196 145.69999999999993 m 280 145.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 159.69999999999993 m 362 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 280 145.69999999999993 m 362 145.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 159.69999999999993 m 446 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 362 145.69999999999993 m 446 145.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 529 159.69999999999993 m 529 145.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 159.69999999999993 m 529 159.69999999999993 l s 0 0 0 RG /GS0 gs 0.25 w 0 i [] 0 d 0 J 0 j 3 M 446 145.69999999999993 m 529 145.69999999999993 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 52.50 344.37 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 1 1 1 rg BT 198.50 344.37 Td (Q4-15) Tj ET Q BT /F1 10.00 Tf ET q 1 1 1 rg BT 282.50 344.37 Td (Margin) Tj ET Q BT /F1 10.00 Tf ET q 1 1 1 rg BT 364.50 344.37 Td (Maturity) Tj ET Q BT /F1 10.00 Tf ET q 1 1 1 rg BT 448.50 344.37 Td (Rig Name) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 52.50 329.37 Td (Term Loan B) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 329.37 Td ($2,895.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 329.37 Td (L+3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 329.37 Td (Q1-2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 329.37 Td (West Aquarius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 314.37 Td (West Capella) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 299.37 Td (West Leo) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 284.37 Td (West Sirius) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 269.37 Td (West Auriga) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 254.37 Td (West Capricorn) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 239.37 Td ($440 facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 239.37 Td ($138.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 239.37 Td (L+3.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 239.37 Td (Q4-2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 239.37 Td (T-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 224.37 Td (T-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.37 Td ($1,450 facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 209.37 Td ($382.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 209.37 Td (L+2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 209.37 Td (Q2-2025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 209.37 Td (West Vela) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.37 Td ($420 facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 194.37 Td ($315.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 194.37 Td (L+2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 194.37 Td (Q1-2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 194.37 Td (West Polaris) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 179.37 Td (Vencedor loan agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 179.37 Td ($57.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 179.37 Td (L+2.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 179.37 Td (Q2-2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 179.37 Td (West Vencedor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 164.37 Td ($109.5 vendor financing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.50 164.37 Td ($109.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 164.37 Td (L+5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.50 164.37 Td (Q2-2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 164.37 Td (T-15) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 789.80 Td (Net ) Tj ET Q q 0 0 0 rg BT 69.31 789.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 92.17 789.80 Td (as ) Tj ET Q q 0 0 0 rg BT 105.26 789.80 Td (at ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 117.13 789.80 Td (December31, ) Tj ET Q q 0 0 0 rg BT 182.75 789.80 Td (2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 204.75 789.80 Td ( ) Tj ET Q q 0 0 0 rg BT 208.67 789.80 Td (was ) Tj ET Q q 0 0 0 rg BT 229.71 789.80 Td (therefore ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 273.32 789.80 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 296.50 789.80 Td (billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 325.23 789.80 Td ( ) Tj ET Q q 0 0 0 rg BT 329.15 789.80 Td (giving ) Tj ET Q q 0 0 0 rg BT 361.19 789.80 Td (a ) Tj ET Q q 0 0 0 rg BT 370.00 789.80 Td (ratio ) Tj ET Q q 0 0 0 rg BT 394.08 789.80 Td (of ) Tj ET Q q 0 0 0 rg BT 407.17 789.80 Td (net ) Tj ET Q q 0 0 0 rg BT 424.54 789.80 Td (debt ) Tj ET Q q 0 0 0 rg BT 447.40 789.80 Td (to ) Tj ET Q q 0 0 0 rg BT 459.88 789.80 Td (annualized ) Tj ET Q q 0 0 0 rg BT 511.45 789.80 Td (adjusted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 776.60 Td (EBITDA) Tj ET Q BT /F1 11.00 Tf ET BT /F1 7.15 Tf ET q 0 0 0 rg BT 89.83 781.58 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.40 776.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 95.90 776.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.65 776.60 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 110.56 776.60 Td (2.9) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 124.31 776.60 Td (:1.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 757.40 Td (As ) Tj ET Q q 0 0 0 rg BT 64.76 757.40 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 76.97 757.40 Td (December31, ) Tj ET Q q 0 0 0 rg BT 141.70 757.40 Td (2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 163.70 757.40 Td (, ) Tj ET Q q 0 0 0 rg BT 169.49 757.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 206.74 757.40 Td (Partners ) Tj ET Q q 0 0 0 rg BT 245.83 757.40 Td (had ) Tj ET Q q 0 0 0 rg BT 264.75 757.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 300.17 757.40 Td (rate ) Tj ET Q q 0 0 0 rg BT 319.69 757.40 Td (swaps ) Tj ET Q q 0 0 0 rg BT 349.62 757.40 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 403.99 757.40 Td (on ) Tj ET Q q 0 0 0 rg BT 418.03 757.40 Td (principal ) Tj ET Q q 0 0 0 rg BT 460.17 757.40 Td (debt ) Tj ET Q q 0 0 0 rg BT 482.15 757.40 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 494.35 757.40 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 516.64 757.40 Td (billion) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 545.36 757.40 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 744.20 Td (representing ) Tj ET Q q 0 0 0 rg BT 105.76 744.20 Td (approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 171.19 744.20 Td (89%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 191.35 744.20 Td ( ) Tj ET Q q 0 0 0 rg BT 193.25 744.20 Td (of ) Tj ET Q q 0 0 0 rg BT 204.31 744.20 Td (debt ) Tj ET Q q 0 0 0 rg BT 225.14 744.20 Td (obligations ) Tj ET Q q 0 0 0 rg BT 275.92 744.20 Td (as ) Tj ET Q q 0 0 0 rg BT 286.98 744.20 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 298.04 744.20 Td (December31, ) Tj ET Q q 0 0 0 rg BT 361.62 744.20 Td (2015) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 383.62 744.20 Td (. ) Tj ET Q q 0 0 0 rg BT 388.13 744.20 Td (The ) Tj ET Q q 0 0 0 rg BT 407.13 744.20 Td (average ) Tj ET Q q 0 0 0 rg BT 443.21 744.20 Td (swapped ) Tj ET Q q 0 0 0 rg BT 483.60 744.20 Td (rate, ) Tj ET Q q 0 0 0 rg BT 504.73 744.20 Td (excluding ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 731.00 Td (bank ) Tj ET Q q 0 0 0 rg BT 73.59 731.00 Td (mar) Tj ET Q q 0 0 0 rg BT 90.49 731.00 Td (gins, ) Tj ET Q q 0 0 0 rg BT 114.28 731.00 Td (is ) Tj ET Q q 0 0 0 rg BT 124.32 731.00 Td (approximately ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 190.56 731.00 Td (2.25%) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 218.97 731.00 Td (. ) Tj ET Q q 0 0 0 rg BT 224.23 731.00 Td (The ) Tj ET Q q 0 0 0 rg BT 244.03 731.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 289.51 731.00 Td (has ) Tj ET Q q 0 0 0 rg BT 306.88 731.00 Td (a ) Tj ET Q q 0 0 0 rg BT 314.46 731.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 344.66 731.00 Td (of ) Tj ET Q q 0 0 0 rg BT 356.53 731.00 Td (hedging ) Tj ET Q q 0 0 0 rg BT 394.67 731.00 Td (the ) Tj ET Q q 0 0 0 rg BT 410.81 731.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 459.95 731.00 Td (majority ) Tj ET Q q 0 0 0 rg BT 499.92 731.00 Td (of ) Tj ET Q q 0 0 0 rg BT 511.78 731.00 Td (its ) Tj ET Q q 0 0 0 rg BT 524.88 731.00 Td (long-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 717.80 Td (term ) Tj ET Q q 0 0 0 rg BT 72.41 717.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 107.53 717.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 126.77 717.80 Td (exposure ) Tj ET Q q 0 0 0 rg BT 169.23 717.80 Td (in ) Tj ET Q q 0 0 0 rg BT 180.53 717.80 Td (order ) Tj ET Q q 0 0 0 rg BT 206.49 717.80 Td (to ) Tj ET Q q 0 0 0 rg BT 217.80 717.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 249.86 717.80 Td (the ) Tj ET Q q 0 0 0 rg BT 266.05 717.80 Td (risk ) Tj ET Q q 0 0 0 rg BT 285.30 717.80 Td (of ) Tj ET Q q 0 0 0 rg BT 297.21 717.80 Td (a ) Tj ET Q q 0 0 0 rg BT 304.84 717.80 Td (rising ) Tj ET Q q 0 0 0 rg BT 332.65 717.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 367.77 717.80 Td (rate ) Tj ET Q q 0 0 0 rg BT 387.01 717.80 Td (environment.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 49.50 79.33 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 74.80 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 55.25 74.80 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 93.68 74.80 Td (Adjusted EBITDA: Earnings before interest, other financial items, taxes, non-controlling interest, depreciation and amortization. ) Tj ET Q q 0 0 0 rg BT 509.12 74.80 Td (Annualized ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 1 J 1 j 3 M 49 95.39999999999998 m 193 95.39999999999998 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 65.20 Td (means the figure for the quarter multiplied by four) Tj ET Q q 0 0 0 rg BT 210.34 65.20 Td (. ) Tj ET Q q 0 0 0 rg BT 215.90 65.20 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 254.33 65.20 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 314.11 65.20 Td ( is a non GAAP) Tj ET Q q 0 0 0 rg BT 364.48 65.20 Td ( financial measure used by investors to measure ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 55.60 Td (performance. Please see ) Tj ET Q q 0 0 0 rg BT 128.13 55.60 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 161.24 55.60 Td (A) Tj ET Q q 0 0 0 rg BT 166.57 55.60 Td ( for a reconciliation to the most directly comparable GAAP) Tj ET Q q 0 0 0 rg BT 356.22 55.60 Td ( financial measure. ) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 679.40 Td (Market ) Tj ET Q q 0 0 0 rg BT 87.68 679.40 Td (Commentary) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 660.20 Td (The ) Tj ET Q q 0 0 0 rg BT 69.10 660.20 Td (of) Tj ET Q q 0 0 0 rg BT 78.07 660.20 Td (fshore ) Tj ET Q q 0 0 0 rg BT 108.06 660.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 142.95 660.20 Td (market ) Tj ET Q q 0 0 0 rg BT 175.99 660.20 Td (continues ) Tj ET Q q 0 0 0 rg BT 220.65 660.20 Td (to ) Tj ET Q q 0 0 0 rg BT 231.71 660.20 Td (be ) Tj ET Q q 0 0 0 rg BT 244.59 660.20 Td (oversupplied ) Tj ET Q q 0 0 0 rg BT 303.91 660.20 Td (with ) Tj ET Q q 0 0 0 rg BT 325.97 660.20 Td (multiple ) Tj ET Q q 0 0 0 rg BT 365.13 660.20 Td (drilling ) Tj ET Q q 0 0 0 rg BT 400.02 660.20 Td (rigs ) Tj ET Q q 0 0 0 rg BT 419.02 660.20 Td (chasing ) Tj ET Q q 0 0 0 rg BT 455.13 660.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.07 660.20 Td (few ) Tj ET Q q 0 0 0 rg BT 490.06 660.20 Td (opportunities ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 647.00 Td (that ) Tj ET Q q 0 0 0 rg BT 67.57 647.00 Td (are ) Tj ET Q q 0 0 0 rg BT 82.57 647.00 Td (available. ) Tj ET Q q 0 0 0 rg BT 126.59 647.00 Td (Oil ) Tj ET Q q 0 0 0 rg BT 142.22 647.00 Td (company ) Tj ET Q q 0 0 0 rg BT 184.12 647.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 215.00 647.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 272.78 647.00 Td (are ) Tj ET Q q 0 0 0 rg BT 287.78 647.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 328.44 647.00 Td (to ) Tj ET Q q 0 0 0 rg BT 338.57 647.00 Td (decline ) Tj ET Q q 0 0 0 rg BT 371.91 647.00 Td (again ) Tj ET Q q 0 0 0 rg BT 397.30 647.00 Td (in ) Tj ET Q q 0 0 0 rg BT 407.43 647.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 433.75 647.00 Td (following ) Tj ET Q q 0 0 0 rg BT 478.10 647.00 Td (two ) Tj ET Q q 0 0 0 rg BT 496.18 647.00 Td (consecutive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 633.80 Td (years ) Tj ET Q q 0 0 0 rg BT 75.31 633.80 Td (of ) Tj ET Q q 0 0 0 rg BT 87.07 633.80 Td (decline. ) Tj ET Q q 0 0 0 rg BT 124.18 633.80 Td ( ) Tj ET Q q 0 0 0 rg BT 126.60 633.80 Td (W) Tj ET Q q 0 0 0 rg BT 136.10 633.80 Td (e ) Tj ET Q q 0 0 0 rg BT 143.58 633.80 Td (continue ) Tj ET Q q 0 0 0 rg BT 184.06 633.80 Td (to ) Tj ET Q q 0 0 0 rg BT 195.22 633.80 Td (believe ) Tj ET Q q 0 0 0 rg BT 229.58 633.80 Td (that ) Tj ET Q q 0 0 0 rg BT 248.67 633.80 Td (the ) Tj ET Q q 0 0 0 rg BT 264.71 633.80 Td (majority ) Tj ET Q q 0 0 0 rg BT 304.58 633.80 Td (of ) Tj ET Q q 0 0 0 rg BT 316.35 633.80 Td (rigs ) Tj ET Q q 0 0 0 rg BT 335.45 633.80 Td (with ) Tj ET Q q 0 0 0 rg BT 357.61 633.80 Td (contracts ) Tj ET Q q 0 0 0 rg BT 399.91 633.80 Td (expiring ) Tj ET Q q 0 0 0 rg BT 439.17 633.80 Td (in ) Tj ET Q q 0 0 0 rg BT 450.33 633.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 474.93 633.80 Td (will ) Tj ET Q q 0 0 0 rg BT 494.64 633.80 Td (be ) Tj ET Q q 0 0 0 rg BT 507.62 633.80 Td (unable ) Tj ET Q q 0 0 0 rg BT 539.55 633.80 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 620.60 Td (find ) Tj ET Q q 0 0 0 rg BT 69.65 620.60 Td (suitable ) Tj ET Q q 0 0 0 rg BT 106.30 620.60 Td (follow-on ) Tj ET Q q 0 0 0 rg BT 152.11 620.60 Td (work, ) Tj ET Q q 0 0 0 rg BT 179.90 620.60 Td (many ) Tj ET Q q 0 0 0 rg BT 206.78 620.60 Td (are ) Tj ET Q q 0 0 0 rg BT 222.64 620.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 250.12 620.60 Td (to ) Tj ET Q q 0 0 0 rg BT 261.11 620.60 Td (be ) Tj ET Q q 0 0 0 rg BT 273.93 620.60 Td (idle ) Tj ET Q q 0 0 0 rg BT 292.85 620.60 Td (for ) Tj ET Q q 0 0 0 rg BT 308.11 620.60 Td (a ) Tj ET Q q 0 0 0 rg BT 315.43 620.60 Td (protracted ) Tj ET Q q 0 0 0 rg BT 362.45 620.60 Td (period ) Tj ET Q q 0 0 0 rg BT 392.98 620.60 Td (and ) Tj ET Q q 0 0 0 rg BT 411.30 620.60 Td (consequently ) Tj ET Q q 0 0 0 rg BT 471.77 620.60 Td (cold ) Tj ET Q q 0 0 0 rg BT 493.14 620.60 Td (stacking ) Tj ET Q q 0 0 0 rg BT 532.23 620.60 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 607.40 Td (scrapping ) Tj ET Q q 0 0 0 rg BT 95.01 607.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 130.75 607.40 Td (will ) Tj ET Q q 0 0 0 rg BT 150.62 607.40 Td (accelerate.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 588.20 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.62 588.20 Td (companies ) Tj ET Q q 0 0 0 rg BT 114.73 588.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 154.67 588.20 Td (work ) Tj ET Q q 0 0 0 rg BT 179.34 588.20 Td (on ) Tj ET Q q 0 0 0 rg BT 192.41 588.20 Td (managing ) Tj ET Q q 0 0 0 rg BT 237.85 588.20 Td (their ) Tj ET Q q 0 0 0 rg BT 260.07 588.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 296.97 588.20 Td (rig ) Tj ET Q q 0 0 0 rg BT 311.25 588.20 Td (capacity) Tj ET Q q 0 0 0 rg BT 347.18 588.20 Td (. ) Tj ET Q q 0 0 0 rg BT 351.85 588.20 Td (They ) Tj ET Q q 0 0 0 rg BT 376.51 588.20 Td (are ) Tj ET Q q 0 0 0 rg BT 392.01 588.20 Td (in ) Tj ET Q q 0 0 0 rg BT 402.63 588.20 Td (many ) Tj ET Q q 0 0 0 rg BT 429.13 588.20 Td (cases ) Tj ET Q q 0 0 0 rg BT 454.41 588.20 Td (overcommitted ) Tj ET Q q 0 0 0 rg BT 523.06 588.20 Td (based ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 575.00 Td (on ) Tj ET Q q 0 0 0 rg BT 63.61 575.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 101.54 575.00 Td (activity ) Tj ET Q q 0 0 0 rg BT 137.64 575.00 Td (levels ) Tj ET Q q 0 0 0 rg BT 166.41 575.00 Td (and ) Tj ET Q q 0 0 0 rg BT 185.40 575.00 Td (there ) Tj ET Q q 0 0 0 rg BT 210.50 575.00 Td (is ) Tj ET Q q 0 0 0 rg BT 220.95 575.00 Td (very ) Tj ET Q q 0 0 0 rg BT 243.61 575.00 Td (little ) Tj ET Q q 0 0 0 rg BT 266.88 575.00 Td (appetite ) Tj ET Q q 0 0 0 rg BT 304.81 575.00 Td (for ) Tj ET Q q 0 0 0 rg BT 320.75 575.00 Td (adding ) Tj ET Q q 0 0 0 rg BT 353.80 575.00 Td (new ) Tj ET Q q 0 0 0 rg BT 375.24 575.00 Td (units. ) Tj ET Q q 0 0 0 rg BT 402.50 575.00 Td ( ) Tj ET Q q 0 0 0 rg BT 405.61 575.00 Td (Near ) Tj ET Q q 0 0 0 rg BT 430.09 575.00 Td (term ) Tj ET Q q 0 0 0 rg BT 453.36 575.00 Td (budgetary ) Tj ET Q q 0 0 0 rg BT 500.46 575.00 Td (constraints ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 561.80 Td (are ) Tj ET Q q 0 0 0 rg BT 64.98 561.80 Td (the ) Tj ET Q q 0 0 0 rg BT 80.46 561.80 Td (primary ) Tj ET Q q 0 0 0 rg BT 117.33 561.80 Td (focus ) Tj ET Q q 0 0 0 rg BT 143.20 561.80 Td (of ) Tj ET Q q 0 0 0 rg BT 154.42 561.80 Td (many ) Tj ET Q q 0 0 0 rg BT 180.90 561.80 Td (of ) Tj ET Q q 0 0 0 rg BT 192.11 561.80 Td (our ) Tj ET Q q 0 0 0 rg BT 208.82 561.80 Td (customers, ) Tj ET Q q 0 0 0 rg BT 258.22 561.80 Td (with ) Tj ET Q q 0 0 0 rg BT 279.83 561.80 Td (short ) Tj ET Q q 0 0 0 rg BT 303.88 561.80 Td (term ) Tj ET Q q 0 0 0 rg BT 326.08 561.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.67 561.80 Td (conservation ) Tj ET Q q 0 0 0 rg BT 405.92 561.80 Td (ranking ) Tj ET Q q 0 0 0 rg BT 441.57 561.80 Td (ahead ) Tj ET Q q 0 0 0 rg BT 469.27 561.80 Td (of ) Tj ET Q q 0 0 0 rg BT 480.48 561.80 Td (long ) Tj ET Q q 0 0 0 rg BT 502.08 561.80 Td (term ) Tj ET Q q 0 0 0 rg BT 524.29 561.80 Td (value ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 548.60 Td (generation. ) Tj ET Q q 0 0 0 rg BT 100.65 548.60 Td (However) Tj ET Q q 0 0 0 rg BT 140.52 548.60 Td (, ) Tj ET Q q 0 0 0 rg BT 145.25 548.60 Td (the ) Tj ET Q q 0 0 0 rg BT 160.66 548.60 Td (near ) Tj ET Q q 0 0 0 rg BT 181.56 548.60 Td (term ) Tj ET Q q 0 0 0 rg BT 203.69 548.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 223.39 548.60 Td (cutting ) Tj ET Q q 0 0 0 rg BT 255.91 548.60 Td (needed ) Tj ET Q q 0 0 0 rg BT 289.03 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.56 548.60 Td ( ) Tj ET Q q 0 0 0 rg BT 301.54 548.60 Td (support ) Tj ET Q q 0 0 0 rg BT 336.51 548.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 376.98 548.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 421.11 548.60 Td (can ) Tj ET Q q 0 0 0 rg BT 438.35 548.60 Td (be ) Tj ET Q q 0 0 0 rg BT 450.71 548.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 491.77 548.60 Td (to ) Tj ET Q q 0 0 0 rg BT 502.30 548.60 Td (negatively ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 535.40 Td (impact ) Tj ET Q q 0 0 0 rg BT 82.18 535.40 Td (the ) Tj ET Q q 0 0 0 rg BT 98.37 535.40 Td (long ) Tj ET Q q 0 0 0 rg BT 120.68 535.40 Td (term ) Tj ET Q q 0 0 0 rg BT 143.59 535.40 Td (production ) Tj ET Q q 0 0 0 rg BT 193.99 535.40 Td (profiles ) Tj ET Q q 0 0 0 rg BT 230.34 535.40 Td (of ) Tj ET Q q 0 0 0 rg BT 242.26 535.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 279.84 535.40 Td (development ) Tj ET Q q 0 0 0 rg BT 339.40 535.40 Td (projects.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 516.20 Td (Although ) Tj ET Q q 0 0 0 rg BT 92.83 516.20 Td (the ) Tj ET Q q 0 0 0 rg BT 108.05 516.20 Td (industry ) Tj ET Q q 0 0 0 rg BT 145.88 516.20 Td (fundamentals ) Tj ET Q q 0 0 0 rg BT 206.91 516.20 Td (are ) Tj ET Q q 0 0 0 rg BT 222.11 516.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 263.59 516.20 Td (subdued, ) Tj ET Q q 0 0 0 rg BT 304.78 516.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 340.77 516.20 Td (Partners ) Tj ET Q q 0 0 0 rg BT 378.59 516.20 Td (is ) Tj ET Q q 0 0 0 rg BT 387.70 516.20 Td (constructive ) Tj ET Q q 0 0 0 rg BT 443.24 516.20 Td (on ) Tj ET Q q 0 0 0 rg BT 456.01 516.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.23 516.20 Td (long ) Tj ET Q q 0 0 0 rg BT 492.56 516.20 Td (term ) Tj ET Q q 0 0 0 rg BT 514.49 516.20 Td (outlook ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 503.00 Td (for ) Tj ET Q q 0 0 0 rg BT 65.22 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 81.56 503.00 Td (industry ) Tj ET Q q 0 0 0 rg BT 120.51 503.00 Td (and ) Tj ET Q q 0 0 0 rg BT 139.29 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 155.63 503.00 Td (Company) Tj ET Q q 0 0 0 rg BT 197.69 503.00 Td (. ) Tj ET Q q 0 0 0 rg BT 203.34 503.00 Td ( ) Tj ET Q q 0 0 0 rg BT 205.60 503.00 Td (At ) Tj ET Q q 0 0 0 rg BT 219.50 503.00 Td (today) Tj ET Q q 0 0 0 rg BT 246.99 503.00 Td (s ) Tj ET Q q 0 0 0 rg BT 254.17 503.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 268.68 503.00 Td (prices ) Tj ET Q q 0 0 0 rg BT 297.84 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.18 503.00 Td (full ) Tj ET Q q 0 0 0 rg BT 332.35 503.00 Td (cycle ) Tj ET Q q 0 0 0 rg BT 358.45 503.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 379.07 503.00 Td (of ) Tj ET Q q 0 0 0 rg BT 391.13 503.00 Td (many ) Tj ET Q q 0 0 0 rg BT 418.47 503.00 Td (of ) Tj ET Q q 0 0 0 rg BT 430.53 503.00 Td (the ) Tj ET Q q 0 0 0 rg BT 446.87 503.00 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 505.35 503.00 Td (provinces ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 489.80 Td (globally ) Tj ET Q q 0 0 0 rg BT 88.39 489.80 Td (are ) Tj ET Q q 0 0 0 rg BT 104.65 489.80 Td (uneconomic. ) Tj ET Q q 0 0 0 rg BT 163.99 489.80 Td ( ) Tj ET Q q 0 0 0 rg BT 166.20 489.80 Td (A) Tj ET Q q 0 0 0 rg BT 173.54 489.80 Td ( ) Tj ET Q q 0 0 0 rg BT 176.37 489.80 Td (supply ) Tj ET Q q 0 0 0 rg BT 208.54 489.80 Td (response ) Tj ET Q q 0 0 0 rg BT 249.87 489.80 Td (is ) Tj ET Q q 0 0 0 rg BT 260.04 489.80 Td (inevitable, ) Tj ET Q q 0 0 0 rg BT 308.99 489.80 Td (however ) Tj ET Q q 0 0 0 rg BT 349.70 489.80 Td (it ) Tj ET Q q 0 0 0 rg BT 358.65 489.80 Td (may ) Tj ET Q q 0 0 0 rg BT 380.42 489.80 Td (take ) Tj ET Q q 0 0 0 rg BT 401.58 489.80 Td (some ) Tj ET Q q 0 0 0 rg BT 427.63 489.80 Td (time ) Tj ET Q q 0 0 0 rg BT 450.01 489.80 Td (due ) Tj ET Q q 0 0 0 rg BT 468.73 489.80 Td (to ) Tj ET Q q 0 0 0 rg BT 480.12 489.80 Td (the ) Tj ET Q q 0 0 0 rg BT 496.39 489.80 Td (high ) Tj ET Q q 0 0 0 rg BT 518.79 489.80 Td (degree ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 476.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.85 476.60 Td (sunk ) Tj ET Q q 0 0 0 rg BT 85.83 476.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 111.02 476.60 Td (in ) Tj ET Q q 0 0 0 rg BT 122.77 476.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 170.56 476.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 211.32 476.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.28 476.60 Td (When ) Tj ET Q q 0 0 0 rg BT 243.74 476.60 Td (also ) Tj ET Q q 0 0 0 rg BT 264.65 476.60 Td (considering ) Tj ET Q q 0 0 0 rg BT 319.17 476.60 Td (the ) Tj ET Q q 0 0 0 rg BT 335.80 476.60 Td (eventual ) Tj ET Q q 0 0 0 rg BT 376.25 476.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 414.26 476.60 Td (response ) Tj ET Q q 0 0 0 rg BT 455.94 476.60 Td (to ) Tj ET Q q 0 0 0 rg BT 467.69 476.60 Td (low ) Tj ET Q q 0 0 0 rg BT 487.38 476.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 516.84 476.60 Td (we ) Tj ET Q q 0 0 0 rg BT 532.85 476.60 Td (can ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 463.40 Td (expect ) Tj ET Q q 0 0 0 rg BT 81.41 463.40 Td (to ) Tj ET Q q 0 0 0 rg BT 93.18 463.40 Td (see ) Tj ET Q q 0 0 0 rg BT 110.43 463.40 Td (a ) Tj ET Q q 0 0 0 rg BT 118.52 463.40 Td (rebalancing ) Tj ET Q q 0 0 0 rg BT 173.03 463.40 Td (in ) Tj ET Q q 0 0 0 rg BT 184.80 463.40 Td (the ) Tj ET Q q 0 0 0 rg BT 201.44 463.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.26 463.40 Td (markets. ) Tj ET Q q 0 0 0 rg BT 257.04 463.40 Td ( ) Tj ET Q q 0 0 0 rg BT 260.25 463.40 Td (Of) Tj ET Q q 0 0 0 rg BT 271.66 463.40 Td (fshore ) Tj ET Q q 0 0 0 rg BT 302.35 463.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 317.18 463.40 Td (fields ) Tj ET Q q 0 0 0 rg BT 344.82 463.40 Td (represent ) Tj ET Q q 0 0 0 rg BT 388.34 463.40 Td (a ) Tj ET Q q 0 0 0 rg BT 396.43 463.40 Td (material ) Tj ET Q q 0 0 0 rg BT 435.67 463.40 Td (portion ) Tj ET Q q 0 0 0 rg BT 470.66 463.40 Td (of ) Tj ET Q q 0 0 0 rg BT 483.03 463.40 Td (most ) Tj ET Q q 0 0 0 rg BT 507.63 463.40 Td (major ) Tj ET Q q 0 0 0 rg BT 536.49 463.40 Td (oil ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 450.20 Td (companies' ) Tj ET Q q 0 0 0 rg BT 101.27 450.20 Td (reserves ) Tj ET Q q 0 0 0 rg BT 140.06 450.20 Td (and ) Tj ET Q q 0 0 0 rg BT 158.69 450.20 Td (their ) Tj ET Q q 0 0 0 rg BT 181.60 450.20 Td (production ) Tj ET Q q 0 0 0 rg BT 232.00 450.20 Td (remains ) Tj ET Q q 0 0 0 rg BT 269.58 450.20 Td (a ) Tj ET Q q 0 0 0 rg BT 277.21 450.20 Td (cost ) Tj ET Q q 0 0 0 rg BT 297.68 450.20 Td (competitive ) Tj ET Q q 0 0 0 rg BT 352.35 450.20 Td (source ) Tj ET Q q 0 0 0 rg BT 383.81 450.20 Td (of ) Tj ET Q q 0 0 0 rg BT 395.73 450.20 Td (hydrocarbons.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 431.00 Td (While we are insulated to a degree from the challenging near term market with 2.5 years of average contract ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 417.80 Td (coverage, we will have three units available during 2017 and we are actively marketing these rigs for extensions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 404.60 Td (or new contracts. Since two of the three units will have been active and ready to work, we believe they will be ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 391.40 Td (better positioned to secure new work.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 353.00 Td (Outlook) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 333.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 92.26 333.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 131.98 333.80 Td ( ) Tj ET Q q 0 0 0 rg BT 135.02 333.80 Td (for ) Tj ET Q q 0 0 0 rg BT 150.89 333.80 Td (the ) Tj ET Q q 0 0 0 rg BT 167.38 333.80 Td (first ) Tj ET Q q 0 0 0 rg BT 188.14 333.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 222.33 333.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.53 333.80 Td (2016 ) Tj ET Q q 0 0 0 rg BT 259.58 333.80 Td (is ) Tj ET Q q 0 0 0 rg BT 269.96 333.80 Td (expected ) Tj ET Q q 0 0 0 rg BT 312.08 333.80 Td (to ) Tj ET Q q 0 0 0 rg BT 323.68 333.80 Td (be ) Tj ET Q q 0 0 0 rg BT 337.11 333.80 Td (in ) Tj ET Q q 0 0 0 rg BT 348.71 333.80 Td (excess ) Tj ET Q q 0 0 0 rg BT 380.46 333.80 Td (of ) Tj ET Q q 0 0 0 rg BT 392.67 333.80 Td ($275 ) Tj ET Q q 0 0 0 rg BT 417.71 333.80 Td (million, ) Tj ET Q q 0 0 0 rg BT 455.28 333.80 Td (dependent ) Tj ET Q q 0 0 0 rg BT 503.53 333.80 Td (on ) Tj ET Q q 0 0 0 rg BT 517.57 333.80 Td (uptime ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 320.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.44 320.60 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 104.93 320.60 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 148.82 320.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 167.98 320.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 196.92 320.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 230.12 320.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 268.83 320.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 308.55 320.60 Td ( ) Tj ET Q q 0 0 0 rg BT 310.60 320.60 Td (figure ) Tj ET Q q 0 0 0 rg BT 338.92 320.60 Td (benefited ) Tj ET Q q 0 0 0 rg BT 381.89 320.60 Td (from ) Tj ET Q q 0 0 0 rg BT 405.33 320.60 Td (a ) Tj ET Q q 0 0 0 rg BT 412.27 320.60 Td (high ) Tj ET Q q 0 0 0 rg BT 433.87 320.60 Td (bonus ) Tj ET Q q 0 0 0 rg BT 462.21 320.60 Td (total ) Tj ET Q q 0 0 0 rg BT 483.81 320.60 Td (of ) Tj ET Q q 0 0 0 rg BT 495.03 320.60 Td ($13 ) Tj ET Q q 0 0 0 rg BT 513.58 320.60 Td (million, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 307.40 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 88.30 307.40 Td (to ) Tj ET Q q 0 0 0 rg BT 99.61 307.40 Td (be ) Tj ET Q q 0 0 0 rg BT 112.74 307.40 Td (repeated ) Tj ET Q q 0 0 0 rg BT 152.74 307.40 Td (to ) Tj ET Q q 0 0 0 rg BT 164.04 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 180.23 307.40 Td (same ) Tj ET Q q 0 0 0 rg BT 205.58 307.40 Td (degree ) Tj ET Q q 0 0 0 rg BT 237.64 307.40 Td (in ) Tj ET Q q 0 0 0 rg BT 248.95 307.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.14 307.40 Td (first ) Tj ET Q q 0 0 0 rg BT 285.61 307.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 316.15 307.40 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 288.20 Td (W) Tj ET Q q 0 0 0 rg BT 59.44 288.20 Td (ith ) Tj ET Q q 0 0 0 rg BT 74.29 288.20 Td (a ) Tj ET Q q 0 0 0 rg BT 82.41 288.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 120.46 288.20 Td (backlog ) Tj ET Q q 0 0 0 rg BT 158.52 288.20 Td (of ) Tj ET Q q 0 0 0 rg BT 170.92 288.20 Td ($4.3 ) Tj ET Q q 0 0 0 rg BT 193.40 288.20 Td (billion, ) Tj ET Q q 0 0 0 rg BT 228.12 288.20 Td (2.5 ) Tj ET Q q 0 0 0 rg BT 245.10 288.20 Td (years ) Tj ET Q q 0 0 0 rg BT 271.55 288.20 Td (of ) Tj ET Q q 0 0 0 rg BT 283.95 288.20 Td (average ) Tj ET Q q 0 0 0 rg BT 321.38 288.20 Td (remaining ) Tj ET Q q 0 0 0 rg BT 369.21 288.20 Td (contract ) Tj ET Q q 0 0 0 rg BT 407.87 288.20 Td (term ) Tj ET Q q 0 0 0 rg BT 431.27 288.20 Td (and ) Tj ET Q q 0 0 0 rg BT 450.39 288.20 Td (total ) Tj ET Q q 0 0 0 rg BT 473.18 288.20 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 513.69 288.20 Td (of ) Tj ET Q q 0 0 0 rg BT 526.09 288.20 Td ($469 ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 275.00 Td (million, ) Tj ET Q q 0 0 0 rg BT 86.17 275.00 Td (which ) Tj ET Q q 0 0 0 rg BT 115.19 275.00 Td (is ) Tj ET Q q 0 0 0 rg BT 124.67 275.00 Td (forecast ) Tj ET Q q 0 0 0 rg BT 161.62 275.00 Td (to ) Tj ET Q q 0 0 0 rg BT 172.32 275.00 Td (grow ) Tj ET Q q 0 0 0 rg BT 197.07 275.00 Td (by ) Tj ET Q q 0 0 0 rg BT 210.21 275.00 Td (approximately ) Tj ET Q q 0 0 0 rg BT 275.88 275.00 Td ($300 ) Tj ET Q q 0 0 0 rg BT 300.02 275.00 Td (million ) Tj ET Q q 0 0 0 rg BT 333.94 275.00 Td (by ) Tj ET Q q 0 0 0 rg BT 347.09 275.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.66 275.00 Td (end ) Tj ET Q q 0 0 0 rg BT 380.69 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 391.99 275.00 Td (2016, ) Tj ET Q q 0 0 0 rg BT 418.88 275.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 455.24 275.00 Td (Partners ) Tj ET Q q 0 0 0 rg BT 493.42 275.00 Td (is ) Tj ET Q q 0 0 0 rg BT 502.90 275.00 Td (in ) Tj ET Q q 0 0 0 rg BT 513.60 275.00 Td (a ) Tj ET Q q 0 0 0 rg BT 520.62 275.00 Td (strong ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 261.80 Td (position ) Tj ET Q q 0 0 0 rg BT 87.70 261.80 Td (to ) Tj ET Q q 0 0 0 rg BT 99.01 261.80 Td (face ) Tj ET Q q 0 0 0 rg BT 120.07 261.80 Td (the ) Tj ET Q q 0 0 0 rg BT 136.25 261.80 Td (current ) Tj ET Q q 0 0 0 rg BT 170.15 261.80 Td (downturn.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 206.60 Td (February25, ) Tj ET Q q 0 0 0 rg BT 108.46 206.60 Td (2016) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 130.46 206.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 193.40 Td (The ) Tj ET Q q 0 0 0 rg BT 69.35 193.40 Td (Board ) Tj ET Q q 0 0 0 rg BT 98.98 193.40 Td (of ) Tj ET Q q 0 0 0 rg BT 110.90 193.40 Td (Directors) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 180.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 86.46 180.20 Td (Partners ) Tj ET Q q 0 0 0 rg BT 125.26 180.20 Td (LLC) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 167.00 Td (London, ) Tj ET Q q 0 0 0 rg BT 89.22 167.00 Td (UK.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 140.60 Td (Questions ) Tj ET Q q 0 0 0 rg BT 96.25 140.60 Td (should ) Tj ET Q q 0 0 0 rg BT 128.34 140.60 Td (be ) Tj ET Q q 0 0 0 rg BT 141.47 140.60 Td (directed ) Tj ET Q q 0 0 0 rg BT 179.64 140.60 Td (to:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 127.40 Td (Mark ) Tj ET Q q 0 0 0 rg BT 76.08 127.40 Td (Morris: ) Tj ET Q q 0 0 0 rg BT 111.83 127.40 Td (Chief ) Tj ET Q q 0 0 0 rg BT 139.01 127.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 185.74 127.40 Td (Of) Tj ET Q q 0 0 0 rg BT 197.15 127.40 Td (ficer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 114.20 Td (John ) Tj ET Q q 0 0 0 rg BT 72.83 114.20 Td (T) Tj ET Q q 0 0 0 rg BT 78.73 114.20 Td (. ) Tj ET Q q 0 0 0 rg BT 84.23 114.20 Td (Roche: ) Tj ET Q q 0 0 0 rg BT 118.14 114.20 Td (Chief ) Tj ET Q q 0 0 0 rg BT 145.33 114.20 Td (Financial ) Tj ET Q q 0 0 0 rg BT 189.01 114.20 Td (Of) Tj ET Q q 0 0 0 rg BT 200.42 114.20 Td (ficer) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 790.00 Td (FOR) Tj ET Q q 0 0 0 rg BT 72.33 790.00 Td (W) Tj ET Q q 0 0 0 rg BT 82.11 790.00 Td (ARD ) Tj ET Q q 0 0 0 rg BT 108.69 790.00 Td (LOOKING ) Tj ET Q q 0 0 0 rg BT 165.23 790.00 Td (ST) Tj ET Q q 0 0 0 rg BT 177.87 790.00 Td (A) Tj ET Q q 0 0 0 rg BT 185.00 790.00 Td (TEMENTS ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 769.30 Td (This ) Tj ET Q q 0 0 0 rg BT 71.67 769.30 Td (news ) Tj ET Q q 0 0 0 rg BT 96.89 769.30 Td (release ) Tj ET Q q 0 0 0 rg BT 130.03 769.30 Td (includes ) Tj ET Q q 0 0 0 rg BT 169.30 769.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 206.73 769.30 Td (looking ) Tj ET Q q 0 0 0 rg BT 242.96 769.30 Td (statements. ) Tj ET Q q 0 0 0 rg BT 294.75 769.30 Td (Such ) Tj ET Q q 0 0 0 rg BT 319.37 769.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 368.41 769.30 Td (are ) Tj ET Q q 0 0 0 rg BT 384.45 769.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 427.99 769.30 Td (not ) Tj ET Q q 0 0 0 rg BT 444.66 769.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 488.21 769.30 Td (in ) Tj ET Q q 0 0 0 rg BT 499.38 769.30 Td (nature, ) Tj ET Q q 0 0 0 rg BT 532.22 769.30 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 756.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 102.49 756.10 Td (include ) Tj ET Q q 0 0 0 rg BT 137.16 756.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 185.89 756.10 Td (about ) Tj ET Q q 0 0 0 rg BT 212.63 756.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.36 756.10 Td (Company) Tj ET Q q 0 0 0 rg BT 274.19 756.10 Td (s ) Tj ET Q q 0 0 0 rg BT 280.77 756.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 309.03 756.10 Td (strategies, ) Tj ET Q q 0 0 0 rg BT 355.62 756.10 Td (business ) Tj ET Q q 0 0 0 rg BT 395.19 756.10 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 441.78 756.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 479.50 756.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.68 756.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 526.86 756.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.71 756.10 Td (its ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 742.90 Td (business ) Tj ET Q q 0 0 0 rg BT 89.72 742.90 Td (and ) Tj ET Q q 0 0 0 rg BT 108.55 742.90 Td (the ) Tj ET Q q 0 0 0 rg BT 124.93 742.90 Td (markets ) Tj ET Q q 0 0 0 rg BT 162.69 742.90 Td (in ) Tj ET Q q 0 0 0 rg BT 174.19 742.90 Td (which ) Tj ET Q q 0 0 0 rg BT 204.01 742.90 Td (it ) Tj ET Q q 0 0 0 rg BT 213.07 742.90 Td (operates. ) Tj ET Q q 0 0 0 rg BT 255.41 742.90 Td ( ) Tj ET Q q 0 0 0 rg BT 258.35 742.90 Td (In ) Tj ET Q q 0 0 0 rg BT 270.45 742.90 Td (particular) Tj ET Q q 0 0 0 rg BT 312.15 742.90 Td (, ) Tj ET Q q 0 0 0 rg BT 317.85 742.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 367.22 742.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 412.31 742.90 Td (the ) Tj ET Q q 0 0 0 rg BT 428.69 742.90 Td (Company) Tj ET Q q 0 0 0 rg BT 474.52 742.90 Td (s ) Tj ET Q q 0 0 0 rg BT 481.74 742.90 Td (ability ) Tj ET Q q 0 0 0 rg BT 512.79 742.90 Td (to ) Tj ET Q q 0 0 0 rg BT 524.29 742.90 Td (make ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 729.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 72.68 729.70 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 134.06 729.70 Td (the ) Tj ET Q q 0 0 0 rg BT 151.13 729.70 Td (expected ) Tj ET Q q 0 0 0 rg BT 193.85 729.70 Td (performance ) Tj ET Q q 0 0 0 rg BT 253.05 729.70 Td (of ) Tj ET Q q 0 0 0 rg BT 265.85 729.70 Td (the ) Tj ET Q q 0 0 0 rg BT 282.92 729.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 318.94 729.70 Td (units ) Tj ET Q q 0 0 0 rg BT 343.96 729.70 Td (in ) Tj ET Q q 0 0 0 rg BT 356.15 729.70 Td (the ) Tj ET Q q 0 0 0 rg BT 373.22 729.70 Td (Company) Tj ET Q q 0 0 0 rg BT 419.05 729.70 Td (s ) Tj ET Q q 0 0 0 rg BT 426.96 729.70 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 452.88 729.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 498.66 729.70 Td (duration ) Tj ET Q q 0 0 0 rg BT 538.95 729.70 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 716.50 Td (customer ) Tj ET Q q 0 0 0 rg BT 93.47 716.50 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 139.57 716.50 Td (contract ) Tj ET Q q 0 0 0 rg BT 178.65 716.50 Td (dayrate ) Tj ET Q q 0 0 0 rg BT 214.66 716.50 Td (amounts ) Tj ET Q q 0 0 0 rg BT 255.59 716.50 Td (and ) Tj ET Q q 0 0 0 rg BT 275.12 716.50 Td (the ) Tj ET Q q 0 0 0 rg BT 292.21 716.50 Td (Company) Tj ET Q q 0 0 0 rg BT 338.04 716.50 Td (s ) Tj ET Q q 0 0 0 rg BT 345.97 716.50 Td (ability ) Tj ET Q q 0 0 0 rg BT 377.73 716.50 Td (to ) Tj ET Q q 0 0 0 rg BT 389.93 716.50 Td (purchase ) Tj ET Q q 0 0 0 rg BT 432.67 716.50 Td (drilling ) Tj ET Q q 0 0 0 rg BT 468.71 716.50 Td (rigs ) Tj ET Q q 0 0 0 rg BT 488.86 716.50 Td (from ) Tj ET Q q 0 0 0 rg BT 513.89 716.50 Td (Seadrill ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 703.30 Td (Limited ) Tj ET Q q 0 0 0 rg BT 90.22 703.30 Td (in ) Tj ET Q q 0 0 0 rg BT 104.67 703.30 Td (the ) Tj ET Q q 0 0 0 rg BT 124.00 703.30 Td (future ) Tj ET Q q 0 0 0 rg BT 156.15 703.30 Td (are ) Tj ET Q q 0 0 0 rg BT 175.47 703.30 Td (considered ) Tj ET Q q 0 0 0 rg BT 229.01 703.30 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 307.00 703.30 Td (statements. ) Tj ET Q q 0 0 0 rg BT 361.65 703.30 Td (These ) Tj ET Q q 0 0 0 rg BT 393.80 703.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 446.13 703.30 Td (are ) Tj ET Q q 0 0 0 rg BT 465.45 703.30 Td (made ) Tj ET Q q 0 0 0 rg BT 495.16 703.30 Td (based ) Tj ET Q q 0 0 0 rg BT 526.10 703.30 Td (upon ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 690.10 Td (management) Tj ET Q q 0 0 0 rg BT 108.75 690.10 Td (s ) Tj ET Q q 0 0 0 rg BT 114.47 690.10 Td (current ) Tj ET Q q 0 0 0 rg BT 147.05 690.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 174.45 690.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 233.61 690.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 289.44 690.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.75 690.10 Td (beliefs ) Tj ET Q q 0 0 0 rg BT 337.50 690.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 387.80 690.10 Td (future ) Tj ET Q q 0 0 0 rg BT 415.50 690.10 Td (events ) Tj ET Q q 0 0 0 rg BT 445.03 690.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 490.46 690.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.33 690.10 Td (Company ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 676.90 Td (and ) Tj ET Q q 0 0 0 rg BT 69.09 676.90 Td (therefore ) Tj ET Q q 0 0 0 rg BT 112.48 676.90 Td (involve ) Tj ET Q q 0 0 0 rg BT 149.18 676.90 Td (a ) Tj ET Q q 0 0 0 rg BT 157.77 676.90 Td (number ) Tj ET Q q 0 0 0 rg BT 195.07 676.90 Td (of ) Tj ET Q q 0 0 0 rg BT 207.94 676.90 Td (risks, ) Tj ET Q q 0 0 0 rg BT 235.17 676.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 295.07 676.90 Td (and ) Tj ET Q q 0 0 0 rg BT 314.66 676.90 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 372.76 676.90 Td (that ) Tj ET Q q 0 0 0 rg BT 392.95 676.90 Td (could ) Tj ET Q q 0 0 0 rg BT 421.10 676.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 449.23 676.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 479.19 676.90 Td (results ) Tj ET Q q 0 0 0 rg BT 511.61 676.90 Td (to ) Tj ET Q q 0 0 0 rg BT 523.87 676.90 Td (dif) Tj ET Q q 0 0 0 rg BT 535.89 676.90 Td (fer ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 663.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 96.99 663.70 Td (from ) Tj ET Q q 0 0 0 rg BT 121.27 663.70 Td (those ) Tj ET Q q 0 0 0 rg BT 147.39 663.70 Td (expressed ) Tj ET Q q 0 0 0 rg BT 193.66 663.70 Td (or ) Tj ET Q q 0 0 0 rg BT 205.72 663.70 Td (implied ) Tj ET Q q 0 0 0 rg BT 242.22 663.70 Td (in ) Tj ET Q q 0 0 0 rg BT 253.68 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.01 663.70 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 345.00 663.70 Td (statements, ) Tj ET Q q 0 0 0 rg BT 397.08 663.70 Td (which ) Tj ET Q q 0 0 0 rg BT 426.86 663.70 Td (speak ) Tj ET Q q 0 0 0 rg BT 454.81 663.70 Td (only ) Tj ET Q q 0 0 0 rg BT 477.26 663.70 Td (as ) Tj ET Q q 0 0 0 rg BT 489.32 663.70 Td (of ) Tj ET Q q 0 0 0 rg BT 501.38 663.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.72 663.70 Td (date ) Tj ET Q q 0 0 0 rg BT 538.94 663.70 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 650.50 Td (this ) Tj ET Q q 0 0 0 rg BT 68.38 650.50 Td (news ) Tj ET Q q 0 0 0 rg BT 93.97 650.50 Td (release. ) Tj ET Q q 0 0 0 rg BT 130.23 650.50 Td (Important ) Tj ET Q q 0 0 0 rg BT 176.59 650.50 Td (factors ) Tj ET Q q 0 0 0 rg BT 209.50 650.50 Td (that ) Tj ET Q q 0 0 0 rg BT 228.98 650.50 Td (could ) Tj ET Q q 0 0 0 rg BT 256.40 650.50 Td (cause ) Tj ET Q q 0 0 0 rg BT 283.82 650.50 Td (actual ) Tj ET Q q 0 0 0 rg BT 313.06 650.50 Td (results ) Tj ET Q q 0 0 0 rg BT 344.76 650.50 Td (to ) Tj ET Q q 0 0 0 rg BT 356.30 650.50 Td (dif) Tj ET Q q 0 0 0 rg BT 368.32 650.50 Td (fer ) Tj ET Q q 0 0 0 rg BT 383.52 650.50 Td (materially ) Tj ET Q q 0 0 0 rg BT 431.09 650.50 Td (from ) Tj ET Q q 0 0 0 rg BT 455.46 650.50 Td (those ) Tj ET Q q 0 0 0 rg BT 481.66 650.50 Td (in ) Tj ET Q q 0 0 0 rg BT 493.20 650.50 Td (the ) Tj ET Q q 0 0 0 rg BT 509.62 650.50 Td (forward-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 637.30 Td (looking ) Tj ET Q q 0 0 0 rg BT 85.29 637.30 Td (statements ) Tj ET Q q 0 0 0 rg BT 133.90 637.30 Td (include, ) Tj ET Q q 0 0 0 rg BT 171.20 637.30 Td (but ) Tj ET Q q 0 0 0 rg BT 187.43 637.30 Td (are ) Tj ET Q q 0 0 0 rg BT 203.03 637.30 Td (not ) Tj ET Q q 0 0 0 rg BT 219.26 637.30 Td (limited ) Tj ET Q q 0 0 0 rg BT 252.60 637.30 Td (to ) Tj ET Q q 0 0 0 rg BT 263.33 637.30 Td (of) Tj ET Q q 0 0 0 rg BT 272.30 637.30 Td (fshore ) Tj ET Q q 0 0 0 rg BT 301.96 637.30 Td (drilling ) Tj ET Q q 0 0 0 rg BT 336.53 637.30 Td (market ) Tj ET Q q 0 0 0 rg BT 369.24 637.30 Td (conditions ) Tj ET Q q 0 0 0 rg BT 417.25 637.30 Td (including ) Tj ET Q q 0 0 0 rg BT 460.97 637.30 Td (supply ) Tj ET Q q 0 0 0 rg BT 492.49 637.30 Td (and ) Tj ET Q q 0 0 0 rg BT 510.54 637.30 Td (demand, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 624.10 Td (dayrates, ) Tj ET Q q 0 0 0 rg BT 92.24 624.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 135.90 624.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 171.62 624.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 216.51 624.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.73 624.10 Td (ef) Tj ET Q q 0 0 0 rg BT 244.08 624.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 268.18 624.10 Td (new ) Tj ET Q q 0 0 0 rg BT 289.85 624.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 309.69 624.10 Td (on ) Tj ET Q q 0 0 0 rg BT 324.02 624.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.80 624.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 377.43 624.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 416.19 624.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 450.69 624.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.91 624.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 485.47 624.10 Td (mobilizations, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 610.90 Td (contract ) Tj ET Q q 0 0 0 rg BT 87.91 610.90 Td (backlog, ) Tj ET Q q 0 0 0 rg BT 128.47 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 144.90 610.90 Td (performance ) Tj ET Q q 0 0 0 rg BT 203.46 610.90 Td (of ) Tj ET Q q 0 0 0 rg BT 215.61 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 232.03 610.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 267.41 610.90 Td (units ) Tj ET Q q 0 0 0 rg BT 291.79 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 303.33 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 319.76 610.90 Td (Company) Tj ET Q q 0 0 0 rg BT 365.59 610.90 Td (s ) Tj ET Q q 0 0 0 rg BT 372.86 610.90 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 398.14 610.90 Td (delay ) Tj ET Q q 0 0 0 rg BT 424.95 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 436.49 610.90 Td (payment ) Tj ET Q q 0 0 0 rg BT 477.36 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 489.51 610.90 Td (disputes ) Tj ET Q q 0 0 0 rg BT 528.55 610.90 Td (with ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 597.70 Td (customers, ) Tj ET Q q 0 0 0 rg BT 100.66 597.70 Td (our ) Tj ET Q q 0 0 0 rg BT 119.12 597.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 151.03 597.70 Td (to ) Tj ET Q q 0 0 0 rg BT 163.39 597.70 Td (successfully ) Tj ET Q q 0 0 0 rg BT 220.96 597.70 Td (employ ) Tj ET Q q 0 0 0 rg BT 257.76 597.70 Td (our ) Tj ET Q q 0 0 0 rg BT 276.23 597.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 312.42 597.70 Td (units, ) Tj ET Q q 0 0 0 rg BT 340.37 597.70 Td (procure ) Tj ET Q q 0 0 0 rg BT 377.76 597.70 Td (or ) Tj ET Q q 0 0 0 rg BT 390.73 597.70 Td (have ) Tj ET Q q 0 0 0 rg BT 415.30 597.70 Td (access ) Tj ET Q q 0 0 0 rg BT 447.19 597.70 Td (to ) Tj ET Q q 0 0 0 rg BT 459.56 597.70 Td (financing, ) Tj ET Q q 0 0 0 rg BT 507.65 597.70 Td (ability ) Tj ET Q q 0 0 0 rg BT 539.56 597.70 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 584.50 Td (comply ) Tj ET Q q 0 0 0 rg BT 84.98 584.50 Td (with ) Tj ET Q q 0 0 0 rg BT 107.03 584.50 Td (loan ) Tj ET Q q 0 0 0 rg BT 128.46 584.50 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 177.68 584.50 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 217.45 584.50 Td (and ) Tj ET Q q 0 0 0 rg BT 235.82 584.50 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 279.84 584.50 Td (of ) Tj ET Q q 0 0 0 rg BT 291.50 584.50 Td (cash ) Tj ET Q q 0 0 0 rg BT 313.53 584.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 336.18 584.50 Td (from ) Tj ET Q q 0 0 0 rg BT 360.06 584.50 Td (operations, ) Tj ET Q q 0 0 0 rg BT 411.12 584.50 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 465.54 584.50 Td (in ) Tj ET Q q 0 0 0 rg BT 476.59 584.50 Td (the ) Tj ET Q q 0 0 0 rg BT 492.51 584.50 Td (international ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 571.30 Td (price ) Tj ET Q q 0 0 0 rg BT 73.77 571.30 Td (of ) Tj ET Q q 0 0 0 rg BT 85.21 571.30 Td (oil, ) Tj ET Q q 0 0 0 rg BT 101.85 571.30 Td (changes ) Tj ET Q q 0 0 0 rg BT 139.56 571.30 Td (in ) Tj ET Q q 0 0 0 rg BT 150.40 571.30 Td (governmental ) Tj ET Q q 0 0 0 rg BT 213.16 571.30 Td (regulations ) Tj ET Q q 0 0 0 rg BT 264.32 571.30 Td (that ) Tj ET Q q 0 0 0 rg BT 283.09 571.30 Td (af) Tj ET Q q 0 0 0 rg BT 291.44 571.30 Td (fect ) Tj ET Q q 0 0 0 rg BT 310.21 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.92 571.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 370.98 571.30 Td (or ) Tj ET Q q 0 0 0 rg BT 382.43 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 398.15 571.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 446.25 571.30 Td (of ) Tj ET Q q 0 0 0 rg BT 457.69 571.30 Td (the ) Tj ET Q q 0 0 0 rg BT 473.41 571.30 Td (Company) Tj ET Q q 0 0 0 rg BT 519.24 571.30 Td (s ) Tj ET Q q 0 0 0 rg BT 525.81 571.30 Td (fleet, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 558.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 94.63 558.10 Td (competition ) Tj ET Q q 0 0 0 rg BT 150.77 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.93 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.97 558.10 Td (of) Tj ET Q q 0 0 0 rg BT 188.93 558.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 220.02 558.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 256.01 558.10 Td (industry) Tj ET Q q 0 0 0 rg BT 291.35 558.10 Td (, ) Tj ET Q q 0 0 0 rg BT 297.70 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.19 558.10 Td (general ) Tj ET Q q 0 0 0 rg BT 353.15 558.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 402.26 558.10 Td (political ) Tj ET Q q 0 0 0 rg BT 441.91 558.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.39 558.10 Td (business ) Tj ET Q q 0 0 0 rg BT 502.27 558.10 Td (conditions ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 544.90 Td (globally) Tj ET Q q 0 0 0 rg BT 84.84 544.90 Td (. ) Tj ET Q q 0 0 0 rg BT 89.43 544.90 Td ( ) Tj ET Q q 0 0 0 rg BT 91.27 544.90 Td (Consequently) Tj ET Q q 0 0 0 rg BT 151.05 544.90 Td (, ) Tj ET Q q 0 0 0 rg BT 155.64 544.90 Td (no ) Tj ET Q q 0 0 0 rg BT 168.49 544.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 242.42 544.90 Td (statement ) Tj ET Q q 0 0 0 rg BT 286.41 544.90 Td (can ) Tj ET Q q 0 0 0 rg BT 303.52 544.90 Td (be ) Tj ET Q q 0 0 0 rg BT 315.75 544.90 Td (guaranteed. ) Tj ET Q q 0 0 0 rg BT 368.59 544.90 Td ( ) Tj ET Q q 0 0 0 rg BT 370.29 544.90 Td (When ) Tj ET Q q 0 0 0 rg BT 398.40 544.90 Td (considering ) Tj ET Q q 0 0 0 rg BT 451.56 544.90 Td (these ) Tj ET Q q 0 0 0 rg BT 476.01 544.90 Td (forward-looking ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 531.70 Td (statements, ) Tj ET Q q 0 0 0 rg BT 101.32 531.70 Td (you ) Tj ET Q q 0 0 0 rg BT 120.46 531.70 Td (should ) Tj ET Q q 0 0 0 rg BT 152.43 531.70 Td (keep ) Tj ET Q q 0 0 0 rg BT 175.83 531.70 Td (in ) Tj ET Q q 0 0 0 rg BT 187.03 531.70 Td (mind ) Tj ET Q q 0 0 0 rg BT 212.28 531.70 Td (the ) Tj ET Q q 0 0 0 rg BT 228.35 531.70 Td (risks ) Tj ET Q q 0 0 0 rg BT 251.77 531.70 Td (described ) Tj ET Q q 0 0 0 rg BT 296.55 531.70 Td (from ) Tj ET Q q 0 0 0 rg BT 320.57 531.70 Td (time ) Tj ET Q q 0 0 0 rg BT 342.76 531.70 Td (to ) Tj ET Q q 0 0 0 rg BT 353.96 531.70 Td (time ) Tj ET Q q 0 0 0 rg BT 376.14 531.70 Td (in ) Tj ET Q q 0 0 0 rg BT 387.34 531.70 Td (the ) Tj ET Q q 0 0 0 rg BT 403.41 531.70 Td (Company) Tj ET Q q 0 0 0 rg BT 449.24 531.70 Td (s ) Tj ET Q q 0 0 0 rg BT 456.16 531.70 Td (filings ) Tj ET Q q 0 0 0 rg BT 486.91 531.70 Td (with ) Tj ET Q q 0 0 0 rg BT 509.10 531.70 Td (the ) Tj ET Q q 0 0 0 rg BT 525.18 531.70 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 550.85 531.70 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 518.50 Td (The ) Tj ET Q q 0 0 0 rg BT 68.64 518.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 113.46 518.50 Td (undertakes ) Tj ET Q q 0 0 0 rg BT 163.15 518.50 Td (no ) Tj ET Q q 0 0 0 rg BT 176.19 518.50 Td (obligation ) Tj ET Q q 0 0 0 rg BT 222.84 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 233.44 518.50 Td (update ) Tj ET Q q 0 0 0 rg BT 264.81 518.50 Td (any ) Tj ET Q q 0 0 0 rg BT 282.73 518.50 Td (forward ) Tj ET Q q 0 0 0 rg BT 319.59 518.50 Td (looking ) Tj ET Q q 0 0 0 rg BT 355.24 518.50 Td (statements ) Tj ET Q q 0 0 0 rg BT 403.72 518.50 Td (to ) Tj ET Q q 0 0 0 rg BT 414.32 518.50 Td (reflect ) Tj ET Q q 0 0 0 rg BT 444.44 518.50 Td (events ) Tj ET Q q 0 0 0 rg BT 474.59 518.50 Td (or ) Tj ET Q q 0 0 0 rg BT 485.79 518.50 Td (circumstances ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 505.30 Td (after ) Tj ET Q q 0 0 0 rg BT 72.86 505.30 Td (the ) Tj ET Q q 0 0 0 rg BT 89.52 505.30 Td (date ) Tj ET Q q 0 0 0 rg BT 111.05 505.30 Td (on ) Tj ET Q q 0 0 0 rg BT 125.27 505.30 Td (which ) Tj ET Q q 0 0 0 rg BT 155.37 505.30 Td (such ) Tj ET Q q 0 0 0 rg BT 178.75 505.30 Td (statement ) Tj ET Q q 0 0 0 rg BT 224.11 505.30 Td (is ) Tj ET Q q 0 0 0 rg BT 234.67 505.30 Td (made ) Tj ET Q q 0 0 0 rg BT 261.70 505.30 Td (or ) Tj ET Q q 0 0 0 rg BT 274.08 505.30 Td (to ) Tj ET Q q 0 0 0 rg BT 285.85 505.30 Td (reflect ) Tj ET Q q 0 0 0 rg BT 317.16 505.30 Td (the ) Tj ET Q q 0 0 0 rg BT 333.81 505.30 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 385.26 505.30 Td (of ) Tj ET Q q 0 0 0 rg BT 397.64 505.30 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 460.11 505.30 Td (events. ) Tj ET Q q 0 0 0 rg BT 494.18 505.30 Td (New ) Tj ET Q q 0 0 0 rg BT 518.17 505.30 Td (factors ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 492.10 Td (emer) Tj ET Q q 0 0 0 rg BT 71.29 492.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 84.42 492.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.56 492.10 Td (time ) Tj ET Q q 0 0 0 rg BT 130.86 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.17 492.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 167.23 492.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.86 492.10 Td (it ) Tj ET Q q 0 0 0 rg BT 194.73 492.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.82 492.10 Td (not ) Tj ET Q q 0 0 0 rg BT 221.63 492.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 260.44 492.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.02 492.10 Td (us ) Tj ET Q q 0 0 0 rg BT 288.56 492.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.87 492.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 333.16 492.10 Td (all ) Tj ET Q q 0 0 0 rg BT 346.91 492.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.82 492.10 Td (these ) Tj ET Q q 0 0 0 rg BT 384.18 492.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 419.61 492.10 Td (Further) Tj ET Q q 0 0 0 rg BT 451.55 492.10 Td (, ) Tj ET Q q 0 0 0 rg BT 457.06 492.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.25 492.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.78 492.10 Td (cannot ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 478.90 Td (assess ) Tj ET Q q 0 0 0 rg BT 79.38 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 95.81 478.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 128.73 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 140.88 478.90 Td (each ) Tj ET Q q 0 0 0 rg BT 164.02 478.90 Td (such ) Tj ET Q q 0 0 0 rg BT 187.17 478.90 Td (factor ) Tj ET Q q 0 0 0 rg BT 215.81 478.90 Td (on ) Tj ET Q q 0 0 0 rg BT 229.80 478.90 Td (its ) Tj ET Q q 0 0 0 rg BT 243.18 478.90 Td (business ) Tj ET Q q 0 0 0 rg BT 283.46 478.90 Td (or ) Tj ET Q q 0 0 0 rg BT 295.61 478.90 Td (the ) Tj ET Q q 0 0 0 rg BT 312.04 478.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 341.90 478.90 Td (to ) Tj ET Q q 0 0 0 rg BT 353.45 478.90 Td (which ) Tj ET Q q 0 0 0 rg BT 383.32 478.90 Td (any ) Tj ET Q q 0 0 0 rg BT 402.20 478.90 Td (factor) Tj ET Q q 0 0 0 rg BT 427.40 478.90 Td (, ) Tj ET Q q 0 0 0 rg BT 433.14 478.90 Td (or ) Tj ET Q q 0 0 0 rg BT 445.30 478.90 Td (combination ) Tj ET Q q 0 0 0 rg BT 503.28 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 515.43 478.90 Td (factors, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 465.70 Td (may ) Tj ET Q q 0 0 0 rg BT 71.19 465.70 Td (cause ) Tj ET Q q 0 0 0 rg BT 98.37 465.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 127.38 465.70 Td (results ) Tj ET Q q 0 0 0 rg BT 158.84 465.70 Td (to ) Tj ET Q q 0 0 0 rg BT 170.15 465.70 Td (be ) Tj ET Q q 0 0 0 rg BT 183.28 465.70 Td (materially ) Tj ET Q q 0 0 0 rg BT 230.62 465.70 Td (dif) Tj ET Q q 0 0 0 rg BT 242.64 465.70 Td (ferent ) Tj ET Q q 0 0 0 rg BT 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 402 m 548 402 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 388 m 548 388 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 368 m 274 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 354 m 274 354 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 368 m 327 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 274 354 m 327 354 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 368 m 381 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 354 m 381 354 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 368 m 435 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381 354 m 435 354 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 368 m 441 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435 354 m 441 354 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 368 m 494 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 354 m 494 354 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 368 m 548 368 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 354 m 548 354 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.15 758.73 Td (Three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.95 758.68 Td (Twelve months ended) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 733.71 Td (\(in $ millions\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 280.35 743.68 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.50 733.68 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 331.55 743.68 Td (September) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.50 733.68 Td (30, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.35 743.68 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 733.68 Td (31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.35 743.68 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.50 733.68 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.35 743.68 Td (December) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.50 733.68 Td (31, 2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 278.85 718.71 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 332.35 718.71 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 386.35 718.71 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 448.25 718.71 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 502.25 718.71 Td (Unaudited) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 704.68 Td (Operating revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 689.67 Td (Contract revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.50 689.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 689.68 Td (428.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.50 689.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 689.68 Td (403.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 689.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 689.68 Td (369.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 689.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 689.68 Td (1,603.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.50 689.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.15 689.68 Td (1,302.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 674.67 Td (Reimbursable revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 674.67 Td (8.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 674.67 Td (22.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 674.67 Td (11.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 674.67 Td (49.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 674.67 Td (39.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 659.67 Td (Other revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 659.67 Td (30.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 659.67 Td (30.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 659.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 659.67 Td (88.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 659.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 645.68 Td (Total operating revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 645.68 Td (467.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 645.68 Td (456.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 645.68 Td (380.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.15 645.68 Td (1,741.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.15 645.68 Td (1,342.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 625.68 Td (Operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 610.67 Td (Vessel and rig operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 610.67 Td (120.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 610.67 Td (134.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 610.67 Td (117.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 610.67 Td (495.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 610.67 Td (425.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 595.67 Td (Amortization of favorable contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 595.67 Td (19.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 595.67 Td (22.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 595.67 Td (8.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 595.67 Td (66.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 595.67 Td (14.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 580.67 Td (Reimbursable expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 580.67 Td (7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 580.67 Td (21.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 580.67 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 580.67 Td (45.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 580.67 Td (37.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 565.67 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 565.67 Td (65.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 565.67 Td (57.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 565.67 Td (56.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 565.67 Td (237.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.65 565.67 Td (198.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 550.67 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 550.67 Td (16.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 550.67 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 550.67 Td (18.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 550.67 Td (52.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 550.67 Td (51.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 536.68 Td (Total operating expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 536.68 Td (229.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 536.68 Td (247.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 536.68 Td (211.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 536.68 Td (897.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 536.68 Td (727.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 517.68 Td (Operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.50 517.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 517.68 Td (238.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.50 517.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.65 517.68 Td (209.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 517.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.65 517.68 Td (168.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 517.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 517.68 Td (843.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.50 517.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 517.68 Td (614.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 499.68 Td (Financial and other items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 484.67 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 484.67 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 484.67 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 484.67 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 484.67 Td (9.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 484.67 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 469.67 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.30 469.72 Td (\(46.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 469.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 469.72 Td (\(51.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 469.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.30 469.72 Td (\(39.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 469.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 469.72 Td (\(192.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 469.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.30 469.72 Td (\(140.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 469.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.67 Td (Gain / \(Loss\) on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.65 454.67 Td (19.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 454.72 Td (\(68.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 454.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.30 454.72 Td (\(48.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 454.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 454.72 Td (\(82.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 454.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.30 454.72 Td (\(124.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 454.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 439.67 Td (Foreign currency exchange \(loss\) / gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.65 439.67 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 439.67 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.30 439.72 Td (\(2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 439.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 439.67 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 439.72 Td (\(3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 439.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 424.67 Td (\(Loss\)/gain on bargain purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.30 424.72 Td (\(19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 424.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 424.72 Td (\(11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 424.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.15 424.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 424.67 Td (9.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 424.67 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 410.68 Td (Total financial items) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.30 410.73 Td (\(43.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.15 410.68 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.30 410.73 Td (\(125.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 377.15 410.68 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.30 410.73 Td (\(88.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.15 410.68 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.30 410.73 Td (\(254.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.15 410.68 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.30 410.73 Td (\(265.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 544.15 410.68 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 392.68 Td (Income befor) Tj ET Q q 0 0 0 rg BT 109.25 392.68 Td (e taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 392.68 Td (194.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.65 392.68 Td (84.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 392.68 Td (80.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 392.68 Td (589.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 392.68 Td (349.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 372.67 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.30 372.72 Td (\(4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 372.72 Td (\(48.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.15 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.30 372.72 Td (\(10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 372.72 Td (\(100.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 372.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 372.72 Td (\(34.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.15 372.67 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 358.68 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.50 358.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.65 358.68 Td (189.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.50 358.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.65 358.68 Td (35.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 358.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 358.68 Td (70.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 358.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 358.68 Td (488.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.50 358.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 358.68 Td (314.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 326.68 Td (Net income attributable to Seadrill Partners LLC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 316.68 Td (members) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 276.50 316.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.65 316.68 Td (96.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.50 316.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.65 316.68 Td (21.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.50 316.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 316.68 Td (33.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 316.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 316.68 Td (257.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 496.50 316.68 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 316.68 Td (138.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 302.73 Td (Net income attributable to the non-controlling) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 292.73 Td (interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.65 293.68 Td (93.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.65 293.68 Td (13.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 413.65 293.68 Td (37.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.65 293.68 Td (231.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 521.65 293.68 Td (176.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 264.73 Td (T) Tj ET Q q 0 0 0 rg BT 58.25 264.73 Td (otal units outstanding at the end of the period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.72 264.73 Td ( \(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 254.57 Td (thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.83 254.57 Td (:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 240.67 Td (Common units \(basic and diluted\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 241.57 Td (75,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 240.67 Td (75,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 240.67 Td (75,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 241.57 Td (75,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 240.67 Td (75,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 225.67 Td (Subordinated units \(basic and diluted\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 226.57 Td (16,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 225.67 Td (16,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 225.67 Td (16,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 226.57 Td (16,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.65 225.67 Td (16,543) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 790.65 Td (UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 172.39 790.65 Td (TED BALANCE SHEETS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 741.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 741.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 741.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 713.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 713.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 713.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 683.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 683.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 683.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 653.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 653.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 653.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 629.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 629.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 629.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 599.15 358.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 599.15 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 599.15 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 567.15 358.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 567.15 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 567.15 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 536.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 536.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 536.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 505.15 358.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 505.15 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 505.15 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 481.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 481.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 481.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 452.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 452.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 452.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 422.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 422.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 422.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 392.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 392.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 392.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 368.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 368.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 368.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 339.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 339.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 339.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 309.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 309.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 309.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 279.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 279.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 279.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 251.15 358.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 251.15 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 251.15 70.00 -10.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 226.15 358.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 226.15 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 226.15 70.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 176.15 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 176.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 176.15 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 146.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 146.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 146.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 118.15 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 118.15 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 118.15 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 653.15 m 407.3 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 653.15 m 477.3 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 653.15 m 547.3 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 653.15 m 407.3 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 639.15 m 407.3 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 653.15 m 477.3 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 639.15 m 477.3 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 653.15 m 547.3 653.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 639.15 m 547.3 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 639.15 m 407.3 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 639.15 m 477.3 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 639.15 m 547.3 639.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 536.15 m 407.3 536.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 536.15 m 477.3 536.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 536.15 m 547.3 536.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 536.15 m 407.3 536.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 521.15 m 407.3 521.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 536.15 m 477.3 536.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 521.15 m 477.3 521.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 536.15 m 547.3 536.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 521.15 m 547.3 521.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 521.15 m 407.3 521.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 505.15 m 407.3 505.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 521.15 m 477.3 521.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 505.15 m 477.3 505.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 521.15 m 547.3 521.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 505.15 m 547.3 505.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 505.15 m 407.3 505.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 505.15 m 477.3 505.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 505.15 m 547.3 505.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 392.15 m 407.3 392.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 392.15 m 477.3 392.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 392.15 m 547.3 392.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 392.15 m 407.3 392.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 378.15 m 407.3 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 392.15 m 477.3 392.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 378.15 m 477.3 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 392.15 m 547.3 392.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 378.15 m 547.3 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 378.15 m 407.3 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 378.15 m 477.3 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 378.15 m 547.3 378.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 279.15 m 407.3 279.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 279.15 m 477.3 279.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 279.15 m 547.3 279.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 279.15 m 407.3 279.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 265.15 m 407.3 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 279.15 m 477.3 279.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 265.15 m 477.3 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 279.15 m 547.3 279.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 265.15 m 547.3 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 265.15 m 407.3 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 251.14999999999998 m 407.3 251.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 265.15 m 477.3 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 251.14999999999998 m 477.3 251.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 265.15 m 547.3 265.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 251.14999999999998 m 547.3 251.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 161.14999999999998 m 407.3 161.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 161.14999999999998 m 477.3 161.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 161.14999999999998 m 547.3 161.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 161.14999999999998 m 407.3 161.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 161.14999999999998 m 477.3 161.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 132.14999999999998 m 407.3 132.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 132.14999999999998 m 477.3 132.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 132.14999999999998 m 547.3 132.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 132.14999999999998 m 407.3 132.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 118.14999999999998 m 407.3 118.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 132.14999999999998 m 477.3 132.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 118.14999999999998 m 477.3 118.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 132.14999999999998 m 547.3 132.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 118.14999999999998 m 547.3 118.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 118.14999999999998 m 407.3 118.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 104.14999999999998 m 407.3 104.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 118.14999999999998 m 477.3 118.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 104.14999999999998 m 477.3 104.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 118.14999999999998 m 547.3 118.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 104.14999999999998 m 547.3 104.14999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 770.88 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.80 760.88 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 485.65 770.88 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.80 760.88 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.80 745.86 Td (\(in $ millions\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.55 746.71 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.55 746.71 Td (Unaudited) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 731.83 Td (ASSETS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 717.83 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 702.82 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 702.82 Td (319.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 702.82 Td (242.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 687.82 Td (Accounts receivables, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 687.82 Td (278.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 687.82 Td (294.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 672.82 Td (Amount due from related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 672.82 Td (128.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 672.82 Td (62.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 657.82 Td (Other current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 657.82 Td (166.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 657.82 Td (129.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 643.83 Td (Total current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 643.83 Td (892.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 643.83 Td (729.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 619.83 Td (Non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 603.82 Td (Drilling units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.45 603.82 Td (5,547.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.45 603.82 Td (5,141.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 587.82 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 587.82 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 587.82 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 571.82 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 571.82 Td (34.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 571.82 Td (18.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 555.82 Td (Amount due from related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 555.82 Td (50.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.45 555.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 540.82 Td (Other non-current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 540.82 Td (314.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 540.82 Td (376.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 525.83 Td (Total non-current assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 525.83 Td (5,949.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 525.83 Td (5,538.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 509.83 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 509.83 Td (6,841.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 509.83 Td (6,268.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 485.83 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 115.45 485.83 Td (AND EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 471.83 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 456.82 Td (Current portion of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 456.82 Td (93.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 456.82 Td (68.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 441.82 Td (Current portion of long-term related party payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 441.82 Td (238.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 441.82 Td (40.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 426.82 Td (Trade accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 426.82 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 426.82 Td (7.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 411.82 Td (Other related party payables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 411.82 Td (272.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 411.82 Td (275.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 396.82 Td (Other current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 396.82 Td (217.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 396.82 Td (227.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 382.83 Td (Total current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 382.83 Td (846.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 382.83 Td (620.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 358.83 Td (Non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 343.82 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.45 343.82 Td (3,440.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.45 343.82 Td (3,156.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 328.82 Td (Long-term related party payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 328.82 Td (210.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 328.82 Td (306.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 313.82 Td (Deferred consideration to related party) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 313.82 Td (185.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 313.82 Td (111.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 298.82 Td (Deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 298.82 Td (43.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.45 298.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 283.82 Td (Other non-current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 283.82 Td (17.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 283.82 Td (29.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 269.83 Td (Total non-current liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 269.83 Td (3,897.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 269.83 Td (3,603.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 255.83 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 255.83 Td (4,743.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 255.83 Td (4,223.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 230.82 Td (Members capital:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 215.82 Td (Common unitholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.02 215.82 Td (\(issued 75,278,250 units as at December 31, 2015 and as at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 205.82 Td (December 31, 2014\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.95 205.82 Td (942.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 205.82 Td (913.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 190.82 Td (Subordinated unitholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.12 190.82 Td (\(issued 16,543,350 units as at December 31, 2015 and as at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 180.82 Td (December 31, 2014\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 180.82 Td (18.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 180.82 Td (11.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 165.82 Td (Seadrill member interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 165.82 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 165.82 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 150.83 Td (Total members capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 150.83 Td (964.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 150.83 Td (928.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 136.72 Td (Non-controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.45 136.72 Td (1,133.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.45 136.72 Td (1,116.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 122.83 Td (Total equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 122.83 Td (2,097.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 122.83 Td (2,044.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 108.83 Td (Total liabilities and equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 108.83 Td (6,841.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 108.83 Td (6,268.1) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 778.50 Td (UNAUDITED CONSOLIDA) Tj ET Q q 0 0 0 rg BT 172.39 778.50 Td (TED ST) Tj ET Q q 0 0 0 rg BT 206.94 778.50 Td (A) Tj ET Q q 0 0 0 rg BT 213.42 778.50 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 278.33 778.50 Td ( CASH FLOWS) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 692.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 692.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 692.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 662.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 662.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 662.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 632.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 632.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 632.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 602.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 602.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 602.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 572.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 572.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 572.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 542.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 542.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 542.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 512.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 512.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 512.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 482.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 482.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 482.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 452.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 452.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 452.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 422.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 422.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 422.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 392.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 392.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 392.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 362.00 345.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 362.00 71.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 362.00 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 331.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 331.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 331.00 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 301.00 345.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 301.00 71.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 301.00 70.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 55.30 269.00 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.30 269.00 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.30 269.00 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 754 m 471.3 754 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 754 m 541.3 754 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 377 m 471.3 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 377 m 541.3 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.3 377 m 400.3 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.3 362 m 400.3 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 377 m 471.3 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 362 m 471.3 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 377 m 541.3 377 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 362 m 541.3 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.3 362 m 400.3 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 362 m 471.3 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 362 m 541.3 362 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.3 269 m 400.3 269 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 269 m 471.3 269 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 269 m 541.3 269 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.3 269 m 400.3 269 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 55.3 254 m 400.3 254 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 269 m 471.3 269 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.3 254 m 471.3 254 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 269 m 541.3 269 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.3 254 m 541.3 254 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.25 758.68 Td (Twelve months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 409.65 744.73 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.80 734.73 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 744.73 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.80 734.73 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.80 719.71 Td (\(in $ millions\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 425.55 720.56 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 495.55 720.56 Td (Unaudited) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.80 697.73 Td (Cash Flows from Operating Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.80 682.73 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.95 682.57 Td (488.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.95 682.57 Td (314.6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.80 667.56 Td (Adjustments to reconcile net income to net cash provided by operating activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 651.67 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.95 651.67 Td (237.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.95 651.67 Td (198.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 636.67 Td (Amortization of deferred loan charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.95 636.67 Td (20.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.95 636.67 Td (17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 622.57 Td (Amortization of favorable contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.95 621.67 Td (66.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.95 621.67 Td (14.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 607.57 Td (Gain on bargain purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 606.72 Td (\(9.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 606.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.45 606.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 592.57 Td (Unrealized loss on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.95 591.67 Td (31.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.95 591.67 Td (99.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 576.67 Td (Unrealized foreign exchange gain) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 576.72 Td (\(1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 576.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.45 576.67 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 561.67 Td (Payment for long term maintenance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.60 561.72 Td (\(49.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 561.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.60 561.72 Td (\(39.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 561.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 546.67 Td (Deferred income tax expense / \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.95 546.67 Td (27.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.60 546.72 Td (\(8.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.45 546.67 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.80 532.57 Td (Accretion of discount on deferred consideration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.95 531.67 Td (13.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.45 531.67 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 57.80 502.56 Td (Changes in operating assets and liabilities, net of effect of acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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481.30 635.15 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.30 635.15 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 606.15 150.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 199.30 606.15 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 203.30 606.15 51.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.30 606.15 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 258.30 606.15 55.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.30 606.15 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.30 606.15 46.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.30 606.15 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.30 606.15 63.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.30 606.15 4.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.30 606.15 47.00 -8.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.30 606.15 4.00 -8.00 re f 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317.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.3 737.15 m 363.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.3 723.15 m 363.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.3 737.15 m 367.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.3 723.15 m 367.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.3 737.15 m 430.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.3 723.15 m 430.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.3 737.15 m 434.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.3 723.15 m 434.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.3 737.15 m 481.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.3 723.15 m 481.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.3 737.15 m 485.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.3 723.15 m 485.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.3 737.15 m 547.3 737.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.3 723.15 m 547.3 723.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 620.15 m 199.3 620.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 606.15 m 199.3 606.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.3 620.15 m 203.3 620.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 199.3 606.15 m 203.3 606.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.3 620.15 m 254.3 620.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 203.3 606.15 m 254.3 606.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.3 620.15 m 258.3 620.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.3 606.15 m 258.3 606.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.3 620.15 m 313.3 620.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 258.3 606.15 m 313.3 606.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.3 620.15 m 317.3 620.15 l s 0 0 0 RG 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ET q 0 0 0 rg BT 369.80 727.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.95 727.88 Td (299.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.80 727.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.95 727.88 Td (955.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.80 727.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 727.88 Td (1,254.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 713.72 Td (Purchase of non-controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.60 713.72 Td (\(279.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.45 713.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.45 713.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.45 713.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.60 713.93 Td (\(279.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.45 713.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.60 713.77 Td (\(93.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.45 713.72 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 713.93 Td (\(372.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.45 713.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 690.72 Td (Common units issued to Seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 680.72 Td (and public \(net of transaction costs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.95 690.72 Td (937.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.45 690.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.45 690.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.95 690.88 Td (937.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 690.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 690.88 Td (937.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 665.72 Td (Issuance of units by Seadrill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 655.72 Td (Capricorn Holdings LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.45 665.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.45 665.72 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.45 665.72 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.45 665.88 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.95 665.72 Td (570.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 665.88 Td (570.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 640.72 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.95 640.72 Td (102.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.95 640.72 Td (26.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.95 640.72 Td (9.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.95 640.88 Td (138.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.95 640.72 Td (176.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 640.88 Td (314.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 625.72 Td (Cash Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.60 625.72 Td (\(127.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.45 625.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.60 625.77 Td (\(33.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.45 625.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.60 625.77 Td (\(6.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.45 625.72 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.60 625.93 Td (\(167.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.45 625.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 625.77 Td (\(493.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.45 625.72 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 625.93 Td (\(660.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.45 625.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 610.88 Td (Balance at December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.80 610.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.95 610.88 Td (913.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.80 610.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.95 610.88 Td (11.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.80 610.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.95 610.88 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.80 610.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.95 610.88 Td (928.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.80 610.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.40 610.88 Td (1,116.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.80 610.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 610.88 Td (2,044.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 588.72 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.95 588.72 Td (200.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.95 588.72 Td (44.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.95 588.72 Td (12.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.95 588.88 Td (257.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.95 588.72 Td (231.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 588.88 Td (488.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 573.72 Td (Cash Distributions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.60 573.72 Td (\(170.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.45 573.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.60 573.77 Td (\(37.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.45 573.72 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 573.77 Td (\(12.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.45 573.72 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.60 573.93 Td (\(221.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.45 573.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.60 573.77 Td (\(214.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.45 573.72 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.60 573.93 Td (\(435.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 543.45 573.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 558.88 Td (Balance at December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 205.80 558.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.95 558.88 Td (942.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.80 558.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.95 558.88 Td (18.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.80 558.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.95 558.88 Td (3.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.80 558.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.95 558.88 Td (964.3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.80 558.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.40 558.88 Td (1,133.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 487.80 558.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 558.88 Td (2,097.4) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 790.00 Td (APPENDIX ) Tj ET Q q 0 0 0 rg BT 108.47 790.00 Td (A) Tj ET Q q 0 0 0 rg BT 115.81 790.00 Td ( ) Tj ET Q q 0 0 0 rg BT 118.56 790.00 Td (- ) Tj ET Q q 0 0 0 rg BT 124.97 790.00 Td (RECONCILIA) Tj ET Q q 0 0 0 rg BT 195.67 790.00 Td (TION ) Tj ET Q q 0 0 0 rg BT 226.54 790.00 Td (OF) Tj ET Q q 0 0 0 rg BT 241.40 790.00 Td ( ) Tj ET Q q 0 0 0 rg BT 244.15 790.00 Td (NON-GAAP) Tj ET Q q 0 0 0 rg BT 302.82 790.00 Td ( ) Tj ET Q q 0 0 0 rg BT 305.57 790.00 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 367.30 790.00 Td ( ) Tj ET Q q 0 0 0 rg BT 370.05 790.00 Td (MEASURES) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 770.80 Td (Distributable ) Tj ET Q q 0 0 0 rg BT 114.59 770.80 Td (Cash ) Tj ET Q q 0 0 0 rg BT 141.18 770.80 Td (Flow ) Tj ET Q q 0 0 0 rg BT 167.15 770.80 Td (\(DCF\)) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 751.60 Td (DCF ) Tj ET Q q 0 0 0 rg BT 73.20 751.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 120.09 751.60 Td (net ) Tj ET Q q 0 0 0 rg BT 135.82 751.60 Td (income ) Tj ET Q q 0 0 0 rg BT 170.50 751.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 209.46 751.60 Td (for ) Tj ET Q q 0 0 0 rg BT 224.58 751.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 281.24 751.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.42 751.60 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 360.06 751.60 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 408.17 751.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 433.68 751.60 Td (and ) Tj ET Q q 0 0 0 rg BT 451.86 751.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 480.44 751.60 Td (from ) Tj ET Q q 0 0 0 rg BT 504.13 751.60 Td (derivative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 738.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 91.15 738.40 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 148.40 738.40 Td (foreign ) Tj ET Q q 0 0 0 rg BT 183.33 738.40 Td (exchange ) Tj ET Q q 0 0 0 rg BT 228.02 738.40 Td (gains ) Tj ET Q q 0 0 0 rg BT 254.41 738.40 Td (and ) Tj ET Q q 0 0 0 rg BT 273.46 738.40 Td (losses, ) Tj ET Q q 0 0 0 rg BT 305.66 738.40 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 364.41 738.40 Td (and ) Tj ET Q q 0 0 0 rg BT 383.46 738.40 Td (replacement ) Tj ET Q q 0 0 0 rg BT 440.37 738.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 472.85 738.40 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 532.22 738.40 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 725.20 Td (other ) Tj ET Q q 0 0 0 rg BT 76.69 725.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 100.83 725.20 Td (and ) Tj ET Q q 0 0 0 rg BT 121.31 725.20 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 165.61 725.20 Td (items. ) Tj ET Q q 0 0 0 rg BT 196.78 725.20 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 258.18 725.20 Td (and ) Tj ET Q q 0 0 0 rg BT 278.65 725.20 Td (replacement ) Tj ET Q q 0 0 0 rg BT 336.99 725.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.90 725.20 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 434.44 725.20 Td (including ) Tj ET Q q 0 0 0 rg BT 480.58 725.20 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 537.10 725.20 Td (on ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 712.00 Td (classification, ) Tj ET Q q 0 0 0 rg BT 113.28 712.00 Td (represent ) Tj ET Q q 0 0 0 rg BT 156.59 712.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 188.91 712.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 248.11 712.00 Td (required ) Tj ET Q q 0 0 0 rg BT 287.76 712.00 Td (to ) Tj ET Q q 0 0 0 rg BT 299.32 712.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 340.81 712.00 Td (over ) Tj ET Q q 0 0 0 rg BT 363.35 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.79 712.00 Td (long-term ) Tj ET Q q 0 0 0 rg BT 426.17 712.00 Td (the ) Tj ET Q q 0 0 0 rg BT 442.60 712.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 487.15 712.00 Td (capacity ) Tj ET Q q 0 0 0 rg BT 526.79 712.00 Td (of ) Tj ET Q q 0 0 0 rg BT 538.95 712.00 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 698.80 Td (the ) Tj ET Q q 0 0 0 rg BT 65.69 698.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 103.25 698.80 Td (generated ) Tj ET Q q 0 0 0 rg BT 148.75 698.80 Td (by ) Tj ET Q q 0 0 0 rg BT 162.50 698.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 199.46 698.80 Td (Partners) Tj ET Q q 0 0 0 rg BT 238.35 698.80 Td ( ) Tj ET Q q 0 0 0 rg BT 241.10 698.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 273.17 698.80 Td (assets. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 679.60 Td (DCF ) Tj ET Q q 0 0 0 rg BT 73.54 679.60 Td (is ) Tj ET Q q 0 0 0 rg BT 83.51 679.60 Td (a ) Tj ET Q q 0 0 0 rg BT 91.03 679.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 145.59 679.60 Td (standard ) Tj ET Q q 0 0 0 rg BT 185.50 679.60 Td (used ) Tj ET Q q 0 0 0 rg BT 208.30 679.60 Td (by ) Tj ET Q q 0 0 0 rg BT 221.93 679.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 264.29 679.60 Td (in ) Tj ET Q q 0 0 0 rg BT 275.48 679.60 Td (publicly ) Tj ET Q q 0 0 0 rg BT 314.17 679.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 344.29 679.60 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 400.69 679.60 Td (and ) Tj ET Q q 0 0 0 rg BT 419.21 679.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 453.01 679.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 489.87 679.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 539.55 679.60 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 666.40 Td (assist ) Tj ET Q q 0 0 0 rg BT 75.19 666.40 Td (in ) Tj ET Q q 0 0 0 rg BT 85.60 666.40 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 133.28 666.40 Td (such ) Tj ET Q q 0 0 0 rg BT 155.30 666.40 Td (entities) Tj ET Q q 0 0 0 rg BT 189.91 666.40 Td ( ) Tj ET Q q 0 0 0 rg BT 191.77 666.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 221.73 666.40 Td (to ) Tj ET Q q 0 0 0 rg BT 232.14 666.40 Td (make ) Tj ET Q q 0 0 0 rg BT 257.82 666.40 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 299.38 666.40 Td (cash ) Tj ET Q q 0 0 0 rg BT 320.78 666.40 Td (distributions. ) Tj ET Q q 0 0 0 rg BT 380.39 666.40 Td (DCF ) Tj ET Q q 0 0 0 rg BT 403.65 666.40 Td (is ) Tj ET Q q 0 0 0 rg BT 412.84 666.40 Td (a ) Tj ET Q q 0 0 0 rg BT 419.58 666.40 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 469.28 666.40 Td ( ) Tj ET Q q 0 0 0 rg BT 471.14 666.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 511.47 666.40 Td (measure ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 653.20 Td (and ) Tj ET Q q 0 0 0 rg BT 67.45 653.20 Td (should ) Tj ET Q q 0 0 0 rg BT 98.86 653.20 Td (not ) Tj ET Q q 0 0 0 rg BT 114.98 653.20 Td (be ) Tj ET Q q 0 0 0 rg BT 127.44 653.20 Td (considered ) Tj ET Q q 0 0 0 rg BT 177.15 653.20 Td (as ) Tj ET Q q 0 0 0 rg BT 188.38 653.20 Td (an ) Tj ET Q q 0 0 0 rg BT 200.84 653.20 Td (alternative ) Tj ET Q q 0 0 0 rg BT 249.32 653.20 Td (to ) Tj ET Q q 0 0 0 rg BT 259.95 653.20 Td (net ) Tj ET Q q 0 0 0 rg BT 275.46 653.20 Td (income ) Tj ET Q q 0 0 0 rg BT 309.90 653.20 Td (or ) Tj ET Q q 0 0 0 rg BT 321.13 653.20 Td (any ) Tj ET Q q 0 0 0 rg BT 339.09 653.20 Td (other ) Tj ET Q q 0 0 0 rg BT 363.76 653.20 Td (indicator ) Tj ET Q q 0 0 0 rg BT 404.92 653.20 Td (of ) Tj ET Q q 0 0 0 rg BT 416.15 653.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 452.44 653.20 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 492.53 653.20 Td (performance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 640.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 97.66 640.00 Td (in ) Tj ET Q q 0 0 0 rg BT 109.79 640.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 162.83 640.00 Td (with ) Tj ET Q q 0 0 0 rg BT 185.96 640.00 Td (the ) Tj ET Q q 0 0 0 rg BT 202.98 640.00 Td (US ) Tj ET Q q 0 0 0 rg BT 220.62 640.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 249.35 640.00 Td (. ) Tj ET Q q 0 0 0 rg BT 255.42 640.00 Td (The ) Tj ET Q q 0 0 0 rg BT 276.10 640.00 Td (table ) Tj ET Q q 0 0 0 rg BT 301.06 640.00 Td (below ) Tj ET Q q 0 0 0 rg BT 331.52 640.00 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 379.68 640.00 Td (DCF ) Tj ET Q q 0 0 0 rg BT 404.66 640.00 Td (to ) Tj ET Q q 0 0 0 rg BT 416.79 640.00 Td (net ) Tj ET Q q 0 0 0 rg BT 433.81 640.00 Td (income, ) Tj ET Q q 0 0 0 rg BT 472.52 640.00 Td (the ) Tj ET Q q 0 0 0 rg BT 489.53 640.00 Td (most ) Tj ET Q q 0 0 0 rg BT 514.50 640.00 Td (directly ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 626.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 103.55 626.80 Td (US ) Tj ET Q q 0 0 0 rg BT 120.37 626.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 149.91 626.80 Td ( ) Tj ET Q q 0 0 0 rg BT 152.66 626.80 Td (measure.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 607.60 Td (For ) Tj ET Q q 0 0 0 rg BT 67.31 607.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 118.09 607.60 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 162.47 607.60 Td (in ) Tj ET Q q 0 0 0 rg BT 173.56 607.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 225.54 607.60 Td (with ) Tj ET Q q 0 0 0 rg BT 247.62 607.60 Td (US ) Tj ET Q q 0 0 0 rg BT 264.21 607.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 292.94 607.60 Td (, ) Tj ET Q q 0 0 0 rg BT 298.21 607.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 334.95 607.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 373.53 607.60 Td (is ) Tj ET Q q 0 0 0 rg BT 383.39 607.60 Td (required ) Tj ET Q q 0 0 0 rg BT 422.56 607.60 Td (to ) Tj ET Q q 0 0 0 rg BT 433.64 607.60 Td (recognize ) Tj ET Q q 0 0 0 rg BT 478.92 607.60 Td (in ) Tj ET Q q 0 0 0 rg BT 490.00 607.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.96 607.60 Td (statement ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 61.52 594.40 Td (operations ) Tj ET Q q 0 0 0 rg BT 110.19 594.40 Td (market ) Tj ET Q q 0 0 0 rg BT 143.59 594.40 Td (valuations ) Tj ET Q q 0 0 0 rg BT 191.66 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 203.68 594.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.45 594.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 277.79 594.40 Td (items. ) Tj ET Q q 0 0 0 rg BT 307.02 594.40 Td (These ) Tj ET Q q 0 0 0 rg BT 336.14 594.40 Td (include ) Tj ET Q q 0 0 0 rg BT 371.37 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 387.66 594.40 Td (change ) Tj ET Q q 0 0 0 rg BT 421.66 594.40 Td (in ) Tj ET Q q 0 0 0 rg BT 433.07 594.40 Td (the ) Tj ET Q q 0 0 0 rg BT 449.37 594.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 467.49 594.40 Td (value ) Tj ET Q q 0 0 0 rg BT 494.16 594.40 Td (of ) Tj ET Q q 0 0 0 rg BT 506.18 594.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 538.96 594.40 Td (of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 581.20 Td (its ) Tj ET Q q 0 0 0 rg BT 62.62 581.20 Td (derivative ) Tj ET Q q 0 0 0 rg BT 109.33 581.20 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 166.13 581.20 Td (principally ) Tj ET Q q 0 0 0 rg BT 216.51 581.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.62 581.20 Td (rate ) Tj ET Q q 0 0 0 rg BT 270.83 581.20 Td (swap ) Tj ET Q q 0 0 0 rg BT 296.16 581.20 Td (derivatives. ) Tj ET Q q 0 0 0 rg BT 349.70 581.20 Td (These ) Tj ET Q q 0 0 0 rg BT 378.69 581.20 Td (are ) Tj ET Q q 0 0 0 rg BT 394.85 581.20 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 443.38 581.20 Td (gains ) Tj ET Q q 0 0 0 rg BT 469.33 581.20 Td (or ) Tj ET Q q 0 0 0 rg BT 481.22 581.20 Td (losses ) Tj ET Q q 0 0 0 rg BT 510.22 581.20 Td (included ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 568.00 Td (in ) Tj ET Q q 0 0 0 rg BT 60.67 568.00 Td (the ) Tj ET Q q 0 0 0 rg BT 76.72 568.00 Td (statement ) Tj ET Q q 0 0 0 rg BT 121.49 568.00 Td (of ) Tj ET Q q 0 0 0 rg BT 133.27 568.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 181.70 568.00 Td (and ) Tj ET Q q 0 0 0 rg BT 200.20 568.00 Td (will ) Tj ET Q q 0 0 0 rg BT 219.93 568.00 Td (only ) Tj ET Q q 0 0 0 rg BT 242.10 568.00 Td (become ) Tj ET Q q 0 0 0 rg BT 278.91 568.00 Td (realized ) Tj ET Q q 0 0 0 rg BT 316.33 568.00 Td (if ) Tj ET Q q 0 0 0 rg BT 325.67 568.00 Td (a ) Tj ET Q q 0 0 0 rg BT 333.16 568.00 Td (derivative ) Tj ET Q q 0 0 0 rg BT 379.75 568.00 Td (is ) Tj ET Q q 0 0 0 rg BT 389.71 568.00 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 441.92 568.00 Td (These ) Tj ET Q q 0 0 0 rg BT 470.79 568.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 513.12 568.00 Td (gains ) Tj ET Q q 0 0 0 rg BT 538.95 568.00 Td (or ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 554.80 Td (losses ) Tj ET Q q 0 0 0 rg BT 77.45 554.80 Td (are ) Tj ET Q q 0 0 0 rg BT 92.56 554.80 Td (recorded ) Tj ET Q q 0 0 0 rg BT 132.70 554.80 Td (in ) Tj ET Q q 0 0 0 rg BT 142.93 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 158.04 554.80 Td (statement ) Tj ET Q q 0 0 0 rg BT 201.87 554.80 Td (of ) Tj ET Q q 0 0 0 rg BT 212.71 554.80 Td (operations ) Tj ET Q q 0 0 0 rg BT 260.20 554.80 Td (within ) Tj ET Q q 0 0 0 rg BT 289.98 554.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 330.14 554.80 Td (items, ) Tj ET Q q 0 0 0 rg BT 358.39 554.80 Td (and ) Tj ET Q q 0 0 0 rg BT 375.95 554.80 Td (do ) Tj ET Q q 0 0 0 rg BT 388.62 554.80 Td (not ) Tj ET Q q 0 0 0 rg BT 404.35 554.80 Td (af) Tj ET Q q 0 0 0 rg BT 412.70 554.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 430.85 554.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 452.07 554.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 473.91 554.80 Td (or ) Tj ET Q q 0 0 0 rg BT 484.75 554.80 Td (the ) Tj ET Q q 0 0 0 rg BT 499.86 554.80 Td (calculation ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.41 541.60 Td (DCF ) Tj ET Q q 0 0 0 rg BT 85.56 541.60 Td (as ) Tj ET Q q 0 0 0 rg BT 97.47 541.60 Td (described ) Tj ET Q q 0 0 0 rg BT 142.37 541.60 Td (below) Tj ET Q q 0 0 0 rg BT 168.54 541.60 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 504.40 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 128.69 504.40 Td ( and DCF) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 402.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 402.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 402.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 372.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 372.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 372.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 342.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 342.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 342.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 313.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 313.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 313.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 283.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 283.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 283.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 253.90 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 253.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 253.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 222.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 222.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 222.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 193.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 193.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 193.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 163.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 163.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 163.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 133.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 133.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 133.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 104.90 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 104.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 104.90 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 75.90 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 75.90 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 75.90 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 469.9 m 477.3 469.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 469.9 m 547.3 469.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 416.9 m 407.3 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 402.9 m 407.3 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 416.9 m 477.3 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 402.9 m 477.3 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 416.9 m 547.3 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 402.9 m 547.3 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 402.9 m 407.3 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 402.9 m 477.3 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 402.9 m 547.3 402.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 207.89999999999998 m 407.3 207.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 207.89999999999998 m 477.3 207.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 207.89999999999998 m 547.3 207.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 193.89999999999998 m 407.3 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 193.89999999999998 m 477.3 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 193.89999999999998 m 547.3 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 193.89999999999998 m 547.3 193.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 118.89999999999998 m 477.3 118.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 118.89999999999998 m 547.3 118.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 118.89999999999998 m 407.3 118.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 104.89999999999998 m 407.3 104.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 118.89999999999998 m 477.3 118.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 104.89999999999998 m 477.3 104.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 118.89999999999998 m 547.3 118.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 104.89999999999998 m 547.3 104.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 104.89999999999998 m 547.3 104.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 89.89999999999998 m 407.3 89.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 75.89999999999998 m 407.3 75.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 89.89999999999998 m 477.3 89.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 75.89999999999998 m 477.3 75.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 89.89999999999998 m 547.3 89.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 75.89999999999998 m 547.3 75.89999999999998 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.95 474.58 Td (Three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 460.58 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.80 448.58 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.85 460.58 Td (September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.80 448.58 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.80 433.61 Td (\(in ) Tj ET Q q 0 0 0 rg BT 65.41 433.61 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.13 433.61 Td (millions\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.55 433.61 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.55 433.61 Td (Unaudited) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 407.58 Td (Net income attributable to Seadrill Partners LLC members) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.95 407.63 Td (96.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.95 407.63 Td (21.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 392.57 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.60 393.52 Td (\(2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 393.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 393.52 Td (\(1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 393.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 377.57 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 378.47 Td (46.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 378.47 Td (51.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 362.57 Td (\(Gain\)/loss on derivative financial instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 363.52 Td (\(19.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 363.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 363.47 Td (68.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 347.57 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 348.47 Td (65.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 348.47 Td (57.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 332.57 Td (Foreign currency exchange loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.60 333.52 Td (\(0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 333.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 333.52 Td (\(4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 333.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 318.47 Td (Income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 318.47 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 318.47 Td (48.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 303.57 Td (Loss on Bargain Purchase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 304.47 Td (19.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 304.47 Td (11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 288.57 Td (Non-controlling interest ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.67 293.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 289.47 Td (93.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 289.47 Td (13.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 273.57 Td (Amortization of mobilization revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.60 274.52 Td (\(4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 274.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 274.52 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 274.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 258.57 Td (Amortization of favorable contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 259.47 Td (19.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 259.47 Td (22.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 244.47 Td (Standby revenue received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 244.47 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 244.47 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 227.57 Td (Mobilization revenue received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 230.47 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 230.47 Td (7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 212.57 Td (Deferred consideration payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 213.52 Td (\(18.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 213.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 213.52 Td (\(18.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 213.47 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 198.58 Td (Adjusted EBITDA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 198.63 Td (308.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 198.63 Td (273.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 183.57 Td (Cash interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 184.47 Td (2.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 184.47 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 168.57 Td (Cash interest expense \(including interest rate swap net settlement amounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 169.52 Td (\(51.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 169.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 169.52 Td (\(51.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 169.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 153.57 Td (Cash tax paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 154.52 Td (\(14.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 154.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 154.52 Td (\(12.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 154.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 138.57 Td (Estimated maintenance expenditure ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 197.02 143.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 139.52 Td (\(18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 139.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 139.52 Td (\(18.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 139.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 123.57 Td (Estimated replacement capital expenditure ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 224.50 128.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 124.52 Td (\(28.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 124.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 124.52 Td (\(28.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 124.47 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 109.58 Td (Cash flow available for distribution) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 109.63 Td (197.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 109.63 Td (164.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 94.57 Td (Cash flow attributable to non-controlling interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 95.52 Td (\(98.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 95.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 95.52 Td (\(79.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 95.47 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 80.58 Td (DCF) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.95 80.63 Td (98.9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.95 80.63 Td (85.4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 66.58 Td (Distribution declared) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 455.95 66.63 Td (18.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.95 66.63 Td (55.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 51.57 Td (Coverage ratio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 52.47 Td (5.26x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.30 52.47 Td (1.54x) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 777.82 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.10 774.20 Td ( ) Tj ET Q q 0 0 0 rg BT 54.09 774.20 Td (The ) Tj ET Q q 0 0 0 rg BT 68.67 774.20 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 120.58 774.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 146.27 774.20 Td (comprises ) Tj ET Q q 0 0 0 rg BT 180.85 774.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 190.55 774.20 Td (the ) Tj ET Q q 0 0 0 rg BT 202.47 774.20 Td (42% ) Tj ET Q q 0 0 0 rg BT 219.27 774.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 246.30 774.20 Td (Limited ) Tj ET Q q 0 0 0 rg BT 273.77 774.20 Td (Partner ) Tj ET Q q 0 0 0 rg BT 299.02 774.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 324.71 774.20 Td (in ) Tj ET Q q 0 0 0 rg BT 333.07 774.20 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 360.10 774.20 Td (Operating ) Tj ET Q q 0 0 0 rg BT 394.23 774.20 Td (LP) Tj ET Q q 0 0 0 rg BT 402.68 774.20 Td (, ) Tj ET Q q 0 0 0 rg BT 406.82 774.20 Td (which ) Tj ET Q q 0 0 0 rg BT 428.52 774.20 Td (owns ) Tj ET Q q 0 0 0 rg BT 447.55 774.20 Td (an ) Tj ET Q q 0 0 0 rg BT 457.25 774.20 Td (approximate ) Tj ET Q q 0 0 0 rg BT 499.37 774.20 Td (56% ) Tj ET Q q 0 0 0 rg BT 516.18 774.20 Td (interest ) Tj ET Q q 0 0 0 rg BT 541.87 774.20 Td (in ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 764.60 Td (the ) Tj ET Q q 0 0 0 rg BT 61.59 764.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 82.13 764.60 Td (that ) Tj ET Q q 0 0 0 rg BT 96.45 764.60 Td (owns ) Tj ET Q q 0 0 0 rg BT 115.66 764.60 Td (and ) Tj ET Q q 0 0 0 rg BT 129.54 764.60 Td (operates ) Tj ET Q q 0 0 0 rg BT 158.51 764.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.44 764.60 Td (W) Tj ET Q q 0 0 0 rg BT 177.35 764.60 Td (est ) Tj ET Q q 0 0 0 rg BT 188.55 764.60 Td (Capella ) Tj ET Q q 0 0 0 rg BT 215.31 764.60 Td (and ) Tj ET Q q 0 0 0 rg BT 229.18 764.60 Td (a ) Tj ET Q q 0 0 0 rg BT 235.05 764.60 Td (100% ) Tj ET Q q 0 0 0 rg BT 256.04 764.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 281.91 764.60 Td (in ) Tj ET Q q 0 0 0 rg BT 290.45 764.60 Td (the ) Tj ET Q q 0 0 0 rg BT 302.55 764.60 Td (entities ) Tj ET Q q 0 0 0 rg BT 327.97 764.60 Td (that ) Tj ET Q q 0 0 0 rg BT 342.29 764.60 Td (own ) Tj ET Q q 0 0 0 rg BT 358.39 764.60 Td (and ) Tj ET Q q 0 0 0 rg BT 372.26 764.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 397.95 764.60 Td (W) Tj ET Q q 0 0 0 rg BT 404.86 764.60 Td (est ) Tj ET Q q 0 0 0 rg BT 415.56 764.60 Td (Aquarius, ) Tj ET Q q 0 0 0 rg BT 449.21 764.60 Td ( ) Tj ET Q q 0 0 0 rg BT 451.36 764.60 Td (W) Tj ET Q q 0 0 0 rg BT 458.27 764.60 Td (est ) Tj ET Q q 0 0 0 rg BT 469.48 764.60 Td (Leo, ) Tj ET Q q 0 0 0 rg BT 486.07 764.60 Td (W) Tj ET Q q 0 0 0 rg BT 492.98 764.60 Td (est ) Tj ET Q q 0 0 0 rg BT 504.02 764.60 Td (V) Tj ET Q q 0 0 0 rg BT 508.91 764.60 Td (encedor ) Tj ET Q q 0 0 0 rg BT 536.55 764.60 Td (and ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 755.00 Td (W) Tj ET Q q 0 0 0 rg BT 56.41 755.00 Td (est ) Tj ET Q q 0 0 0 rg BT 67.36 755.00 Td (Polaris ) Tj ET Q q 0 0 0 rg BT 91.64 755.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 103.48 755.00 Td (the ) Tj ET Q q 0 0 0 rg BT 115.31 755.00 Td (49% ) Tj ET Q q 0 0 0 rg BT 132.04 755.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 158.98 755.00 Td (Limited ) Tj ET Q q 0 0 0 rg BT 186.37 755.00 Td (Liability ) Tj ET Q q 0 0 0 rg BT 215.98 755.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 249.16 755.00 Td (interest ) Tj ET Q q 0 0 0 rg BT 274.76 755.00 Td (in ) Tj ET Q q 0 0 0 rg BT 283.05 755.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 309.99 755.00 Td (Capricorn ) Tj ET Q q 0 0 0 rg BT 344.04 755.00 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 375.44 755.00 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 394.61 755.00 Td (which ) Tj ET Q q 0 0 0 rg BT 416.22 755.00 Td (owns ) Tj ET Q q 0 0 0 rg BT 435.17 755.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 455.90 755.00 Td (entities ) Tj ET Q q 0 0 0 rg BT 481.07 755.00 Td (that ) Tj ET Q q 0 0 0 rg BT 495.13 755.00 Td (own ) Tj ET Q q 0 0 0 rg BT 510.96 755.00 Td (and ) Tj ET Q q 0 0 0 rg BT 524.58 755.00 Td (operate ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 745.40 Td (the ) Tj ET Q q 0 0 0 rg BT 61.13 745.40 Td (W) Tj ET Q q 0 0 0 rg BT 68.04 745.40 Td (est ) Tj ET Q q 0 0 0 rg BT 78.93 745.40 Td (Capricorn, ) Tj ET Q q 0 0 0 rg BT 114.77 745.40 Td (W) Tj ET Q q 0 0 0 rg BT 121.68 745.40 Td (est ) Tj ET Q q 0 0 0 rg BT 132.57 745.40 Td (Sirius, ) Tj ET Q q 0 0 0 rg BT 155.09 745.40 Td (W) Tj ET Q q 0 0 0 rg BT 162.00 745.40 Td (est ) Tj ET Q q 0 0 0 rg BT 172.45 745.40 Td (Auriga ) Tj ET Q q 0 0 0 rg BT 196.66 745.40 Td (and ) Tj ET Q q 0 0 0 rg BT 210.07 745.40 Td (W) Tj ET Q q 0 0 0 rg BT 216.98 745.40 Td (est ) Tj ET Q q 0 0 0 rg BT 227.72 745.40 Td (V) Tj ET Q q 0 0 0 rg BT 232.61 745.40 Td (ela. ) Tj ET Q q 0 0 0 rg BT 245.94 745.40 Td ( ) Tj ET Q q 0 0 0 rg BT 247.79 745.40 Td (There ) Tj ET Q q 0 0 0 rg BT 268.45 745.40 Td (is ) Tj ET Q q 0 0 0 rg BT 275.78 745.40 Td (no ) Tj ET Q q 0 0 0 rg BT 285.78 745.40 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 337.55 745.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 363.10 745.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 390.43 745.40 Td (for ) Tj ET Q q 0 0 0 rg BT 401.76 745.40 Td (the ) Tj ET Q q 0 0 0 rg BT 413.39 745.40 Td (T) Tj ET Q q 0 0 0 rg BT 417.54 745.40 Td (-15 ) Tj ET Q q 0 0 0 rg BT 430.20 745.40 Td (rig ) Tj ET Q q 0 0 0 rg BT 441.09 745.40 Td (and ) Tj ET Q q 0 0 0 rg BT 454.50 745.40 Td (T) Tj ET Q q 0 0 0 rg BT 458.65 745.40 Td (-16 ) Tj ET Q q 0 0 0 rg BT 471.31 745.40 Td (rig.) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 49.50 716.63 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.10 713.00 Td ( ) Tj ET Q q 0 0 0 rg BT 53.50 713.00 Td ( ) Tj ET Q q 0 0 0 rg BT 54.90 713.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.74 713.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 100.35 713.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 135.07 713.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 162.23 713.00 Td (that ) Tj ET Q q 0 0 0 rg BT 175.63 713.00 Td (an ) Tj ET Q q 0 0 0 rg BT 184.58 713.00 Td (estimate ) Tj ET Q q 0 0 0 rg BT 212.64 713.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.70 713.00 Td (the ) Tj ET Q q 0 0 0 rg BT 231.88 713.00 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 273.70 713.00 Td (and ) Tj ET Q q 0 0 0 rg BT 286.65 713.00 Td (replacement ) Tj ET Q q 0 0 0 rg BT 327.13 713.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 349.86 713.00 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 392.13 713.00 Td (necessary ) Tj ET Q q 0 0 0 rg BT 424.63 713.00 Td (to ) Tj ET Q q 0 0 0 rg BT 432.25 713.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 461.64 713.00 Td (our ) Tj ET Q q 0 0 0 rg BT 473.71 713.00 Td (asset ) Tj ET Q q 0 0 0 rg BT 490.66 713.00 Td (base ) Tj ET Q q 0 0 0 rg BT 506.27 713.00 Td (be ) Tj ET Q q 0 0 0 rg BT 515.22 713.00 Td (subtracted ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 703.40 Td (from ) Tj ET Q q 0 0 0 rg BT 66.58 703.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 98.33 703.40 Td (surplus ) Tj ET Q q 0 0 0 rg BT 122.97 703.40 Td (each ) Tj ET Q q 0 0 0 rg BT 139.16 703.40 Td (quarter) Tj ET Q q 0 0 0 rg BT 161.49 703.40 Td (, ) Tj ET Q q 0 0 0 rg BT 165.02 703.40 Td (as ) Tj ET Q q 0 0 0 rg BT 173.22 703.40 Td (opposed ) Tj ET Q q 0 0 0 rg BT 201.41 703.40 Td (to ) Tj ET Q q 0 0 0 rg BT 209.17 703.40 Td (amounts ) Tj ET Q q 0 0 0 rg BT 237.81 703.40 Td (actually ) Tj ET Q q 0 0 0 rg BT 264.66 703.40 Td (spent. ) Tj ET Q q 0 0 0 rg BT 285.08 703.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 311.50 703.40 Td (Partners ) Tj ET Q q 0 0 0 rg BT 339.24 703.40 Td (operating ) Tj ET Q q 0 0 0 rg BT 370.99 703.40 Td (companies, ) Tj ET Q q 0 0 0 rg BT 408.73 703.40 Td ( ) Tj ET Q q 0 0 0 rg BT 410.26 703.40 Td (must ) Tj ET Q q 0 0 0 rg BT 427.35 703.40 Td (make ) Tj ET Q q 0 0 0 rg BT 446.21 703.40 Td (substantial ) Tj ET Q q 0 0 0 rg BT 481.96 703.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 504.81 703.40 Td (and ) Tj ET Q q 0 0 0 rg BT 517.90 703.40 Td (operating ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 693.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 92.78 693.80 Td (to ) Tj ET Q q 0 0 0 rg BT 101.40 693.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 131.80 693.80 Td (the ) Tj ET Q q 0 0 0 rg BT 143.98 693.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 176.59 693.80 Td (capacity ) Tj ET Q q 0 0 0 rg BT 205.64 693.80 Td (of ) Tj ET Q q 0 0 0 rg BT 214.71 693.80 Td (its ) Tj ET Q q 0 0 0 rg BT 224.67 693.80 Td (fleet, ) Tj ET Q q 0 0 0 rg BT 243.29 693.80 Td (which ) Tj ET Q q 0 0 0 rg BT 265.24 693.80 Td (will ) Tj ET Q q 0 0 0 rg BT 280.09 693.80 Td (reduce ) Tj ET Q q 0 0 0 rg BT 303.81 693.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 320.43 693.80 Td (available ) Tj ET Q q 0 0 0 rg BT 351.70 693.80 Td (for ) Tj ET Q q 0 0 0 rg BT 363.43 693.80 Td (distribution. ) Tj ET Q q 0 0 0 rg BT 404.73 693.80 Td (In ) Tj ET Q q 0 0 0 rg BT 413.79 693.80 Td (addition, ) Tj ET Q q 0 0 0 rg BT 444.42 693.80 Td (each ) Tj ET Q q 0 0 0 rg BT 461.47 693.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 486.53 693.80 Td ( ) Tj ET Q q 0 0 0 rg BT 488.93 693.80 Td (we ) Tj ET Q q 0 0 0 rg BT 500.66 693.80 Td (are ) Tj ET Q q 0 0 0 rg BT 512.83 693.80 Td (required ) Tj ET Q q 0 0 0 rg BT 541.89 693.80 Td (to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 684.20 Td (deduct ) Tj ET Q q 0 0 0 rg BT 73.17 684.20 Td (estimated ) Tj ET Q q 0 0 0 rg BT 106.17 684.20 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 148.93 684.20 Td (and ) Tj ET Q q 0 0 0 rg BT 162.83 684.20 Td (replacement ) Tj ET Q q 0 0 0 rg BT 204.26 684.20 Td (capital ) Tj ET Q q 0 0 0 rg BT 227.92 684.20 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 271.14 684.20 Td (from ) Tj ET Q q 0 0 0 rg BT 289.04 684.20 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.59 684.20 Td (surplus, ) Tj ET Q q 0 0 0 rg BT 349.05 684.20 Td (which ) Tj ET Q q 0 0 0 rg BT 370.94 684.20 Td (may ) Tj ET Q q 0 0 0 rg BT 387.06 684.20 Td (result ) Tj ET Q q 0 0 0 rg BT 407.18 684.20 Td (in ) Tj ET Q q 0 0 0 rg BT 415.74 684.20 Td (less ) Tj ET Q q 0 0 0 rg BT 430.09 684.20 Td (cash ) Tj ET Q q 0 0 0 rg BT 446.64 684.20 Td (available ) Tj ET Q q 0 0 0 rg BT 477.86 684.20 Td (to ) Tj ET Q q 0 0 0 rg BT 486.43 684.20 Td (unit ) Tj ET Q q 0 0 0 rg BT 501.21 684.20 Td (holders ) Tj ET Q q 0 0 0 rg BT 527.11 684.20 Td (than ) Tj ET Q q 0 0 0 rg BT 543.23 684.20 Td (if ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 674.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 70.60 674.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 113.02 674.60 Td (and ) Tj ET Q q 0 0 0 rg BT 126.57 674.60 Td (replacement ) Tj ET Q q 0 0 0 rg BT 167.66 674.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 190.98 674.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 233.85 674.60 Td (were ) Tj ET Q q 0 0 0 rg BT 251.39 674.60 Td (deducted.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 49.50 638.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 95.04 638.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 136.61 638.60 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 619.40 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 94.93 619.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 134.65 619.40 Td ( ) Tj ET Q q 0 0 0 rg BT 140.36 619.40 Td (refers ) Tj ET Q q 0 0 0 rg BT 171.10 619.40 Td (to ) Tj ET Q q 0 0 0 rg BT 185.37 619.40 Td (earnings ) Tj ET Q q 0 0 0 rg BT 228.34 619.40 Td (before ) Tj ET Q q 0 0 0 rg BT 262.14 619.40 Td (interest, ) Tj ET Q q 0 0 0 rg BT 302.98 619.40 Td (other ) Tj ET Q q 0 0 0 rg BT 331.29 619.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 375.48 619.40 Td (items, ) Tj ET Q q 0 0 0 rg BT 407.77 619.40 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 438.83 619.40 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 512.97 619.40 Td (interest, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 606.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 105.89 606.20 Td (and ) Tj ET Q q 0 0 0 rg BT 123.79 606.20 Td (amortization ) Tj ET Q q 0 0 0 rg BT 181.41 606.20 Td (and ) Tj ET Q q 0 0 0 rg BT 199.32 606.20 Td (including ) Tj ET Q q 0 0 0 rg BT 242.89 606.20 Td (deferred ) Tj ET Q q 0 0 0 rg BT 281.55 606.20 Td (consideration ) Tj ET Q q 0 0 0 rg BT 342.84 606.20 Td (payable ) Tj ET Q q 0 0 0 rg BT 379.06 606.20 Td (to ) Tj ET Q q 0 0 0 rg BT 389.65 606.20 Td (Seadrill. ) Tj ET Q q 0 0 0 rg BT 428.19 606.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 469.93 606.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 509.65 606.20 Td ( ) Tj ET Q q 0 0 0 rg BT 511.68 606.20 Td (is ) Tj ET Q q 0 0 0 rg BT 521.04 606.20 Td (a ) Tj ET Q q 0 0 0 rg BT 527.95 606.20 Td (non-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 593.00 Td (GAAP) Tj ET Q q 0 0 0 rg BT 79.04 593.00 Td ( ) Tj ET Q q 0 0 0 rg BT 82.29 593.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.01 593.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 163.90 593.00 Td (used ) Tj ET Q q 0 0 0 rg BT 187.31 593.00 Td (by ) Tj ET Q q 0 0 0 rg BT 201.55 593.00 Td (investors ) Tj ET Q q 0 0 0 rg BT 244.51 593.00 Td (to ) Tj ET Q q 0 0 0 rg BT 256.31 593.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 296.21 593.00 Td (our ) Tj ET Q q 0 0 0 rg BT 314.11 593.00 Td (performance. ) Tj ET Q q 0 0 0 rg BT 375.68 593.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 413.14 593.00 Td (Partners ) Tj ET Q q 0 0 0 rg BT 452.43 593.00 Td (believes ) Tj ET Q q 0 0 0 rg BT 491.71 593.00 Td (that ) Tj ET Q q 0 0 0 rg BT 511.45 593.00 Td (adjusted ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 579.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 89.22 579.80 Td ( ) Tj ET Q q 0 0 0 rg BT 92.20 579.80 Td (assists ) Tj ET Q q 0 0 0 rg BT 123.29 579.80 Td (its ) Tj ET Q q 0 0 0 rg BT 136.67 579.80 Td (management ) Tj ET Q q 0 0 0 rg BT 195.84 579.80 Td (and ) Tj ET Q q 0 0 0 rg BT 214.70 579.80 Td (investors ) Tj ET Q q 0 0 0 rg BT 257.40 579.80 Td (by ) Tj ET Q q 0 0 0 rg BT 271.38 579.80 Td (increasing ) Tj ET Q q 0 0 0 rg BT 319.56 579.80 Td (the ) Tj ET Q q 0 0 0 rg BT 335.98 579.80 Td (comparability ) Tj ET Q q 0 0 0 rg BT 400.05 579.80 Td (of ) Tj ET Q q 0 0 0 rg BT 412.19 579.80 Td (its ) Tj ET Q q 0 0 0 rg BT 425.56 579.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 484.11 579.80 Td (from ) Tj ET Q q 0 0 0 rg BT 508.47 579.80 Td (period ) Tj ET Q q 0 0 0 rg BT 539.55 579.80 Td (to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 566.60 Td (period ) Tj ET Q q 0 0 0 rg BT 80.23 566.60 Td (and ) Tj ET Q q 0 0 0 rg BT 98.75 566.60 Td (against ) Tj ET Q q 0 0 0 rg BT 132.54 566.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.61 566.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 206.81 566.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.61 566.60 Td (other ) Tj ET Q q 0 0 0 rg BT 243.84 566.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 293.51 566.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.70 566.60 Td (its ) Tj ET Q q 0 0 0 rg BT 317.73 566.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 356.42 566.60 Td (that ) Tj ET Q q 0 0 0 rg BT 375.54 566.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 411.77 566.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 451.06 566.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 490.78 566.60 Td ( ) Tj ET Q q 0 0 0 rg BT 493.42 566.60 Td (information. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 553.40 Td (This ) Tj ET Q q 0 0 0 rg BT 70.56 553.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 113.60 553.40 Td (comparability ) Tj ET Q q 0 0 0 rg BT 176.20 553.40 Td (is ) Tj ET Q q 0 0 0 rg BT 185.04 553.40 Td (achieved ) Tj ET Q q 0 0 0 rg BT 225.63 553.40 Td (by ) Tj ET Q q 0 0 0 rg BT 238.14 553.40 Td (excluding ) Tj ET Q q 0 0 0 rg BT 283.02 553.40 Td (the ) Tj ET Q q 0 0 0 rg BT 297.97 553.40 Td (potentially ) Tj ET Q q 0 0 0 rg BT 346.52 553.40 Td (disparate ) Tj ET Q q 0 0 0 rg BT 387.73 553.40 Td (ef) Tj ET Q q 0 0 0 rg BT 396.08 553.40 Td (fects ) Tj ET Q q 0 0 0 rg BT 418.35 553.40 Td (between ) Tj ET Q q 0 0 0 rg BT 456.50 553.40 Td (periods ) Tj ET Q q 0 0 0 rg BT 490.39 553.40 Td (or ) Tj ET Q q 0 0 0 rg BT 501.06 553.40 Td (companies ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 540.20 Td (of ) Tj ET Q q 0 0 0 rg BT 61.22 540.20 Td (interest, ) Tj ET Q q 0 0 0 rg BT 98.91 540.20 Td (other ) Tj ET Q q 0 0 0 rg BT 124.07 540.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 165.11 540.20 Td (items, ) Tj ET Q q 0 0 0 rg BT 194.25 540.20 Td (taxes ) Tj ET Q q 0 0 0 rg BT 219.42 540.20 Td (and ) Tj ET Q q 0 0 0 rg BT 237.86 540.20 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 294.78 540.20 Td (and ) Tj ET Q q 0 0 0 rg BT 313.22 540.20 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 374.13 540.20 Td (which ) Tj ET Q q 0 0 0 rg BT 403.57 540.20 Td (items ) Tj ET Q q 0 0 0 rg BT 429.96 540.20 Td (are ) Tj ET Q q 0 0 0 rg BT 445.95 540.20 Td (af) Tj ET Q q 0 0 0 rg BT 454.29 540.20 Td (fected ) Tj ET Q q 0 0 0 rg BT 483.72 540.20 Td (by ) Tj ET Q q 0 0 0 rg BT 497.28 540.20 Td (various ) Tj ET Q q 0 0 0 rg BT 532.23 540.20 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 527.00 Td (possibly ) Tj ET Q q 0 0 0 rg BT 88.69 527.00 Td (changing ) Tj ET Q q 0 0 0 rg BT 131.52 527.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 175.58 527.00 Td (methods, ) Tj ET Q q 0 0 0 rg BT 218.11 527.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.94 527.00 Td (structure ) Tj ET Q q 0 0 0 rg BT 290.94 527.00 Td (and ) Tj ET Q q 0 0 0 rg BT 309.34 527.00 Td (historical ) Tj ET Q q 0 0 0 rg BT 352.78 527.00 Td (cost ) Tj ET Q q 0 0 0 rg BT 373.02 527.00 Td (basis ) Tj ET Q q 0 0 0 rg BT 397.53 527.00 Td (and ) Tj ET Q q 0 0 0 rg BT 415.93 527.00 Td (which ) Tj ET Q q 0 0 0 rg BT 445.32 527.00 Td (items ) Tj ET Q q 0 0 0 rg BT 471.67 527.00 Td (may ) Tj ET Q q 0 0 0 rg BT 493.12 527.00 Td (significantly ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 513.80 Td (af) Tj ET Q q 0 0 0 rg BT 57.85 513.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 77.10 513.80 Td (net ) Tj ET Q q 0 0 0 rg BT 93.30 513.80 Td (income ) Tj ET Q q 0 0 0 rg BT 128.45 513.80 Td (between ) Tj ET Q q 0 0 0 rg BT 167.86 513.80 Td (periods. ) Tj ET Q q 0 0 0 rg BT 205.76 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 208.53 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 211.30 513.80 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 248.28 513.80 Td (Partners ) Tj ET Q q 0 0 0 rg BT 287.09 513.80 Td (believes ) Tj ET Q q 0 0 0 rg BT 325.90 513.80 Td (that ) Tj ET Q q 0 0 0 rg BT 345.16 513.80 Td (including ) Tj ET Q q 0 0 0 rg BT 389.48 513.80 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 428.91 513.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 468.63 513.80 Td ( ) Tj ET Q q 0 0 0 rg BT 471.39 513.80 Td (as ) Tj ET Q q 0 0 0 rg BT 483.32 513.80 Td (a ) Tj ET Q q 0 0 0 rg BT 490.97 513.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 532.22 513.80 Td (and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 500.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 94.14 500.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 133.90 500.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 171.82 500.60 Td (investors ) Tj ET Q q 0 0 0 rg BT 214.65 500.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.31 500.60 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 241.62 500.60 Td (selecting ) Tj ET Q q 0 0 0 rg BT 283.82 500.60 Td (between ) Tj ET Q q 0 0 0 rg BT 323.57 500.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 367.01 500.60 Td (in ) Tj ET Q q 0 0 0 rg BT 378.67 500.60 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 415.99 500.60 Td (Partners ) Tj ET Q q 0 0 0 rg BT 455.14 500.60 Td (and ) Tj ET Q q 0 0 0 rg BT 474.12 500.60 Td (other ) Tj ET Q q 0 0 0 rg BT 499.83 500.60 Td (investment ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 487.40 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 103.11 487.40 Td (and ) Tj ET Q q 0 0 0 rg BT 121.90 487.40 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 137.63 487.40 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 189.43 487.40 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 226.55 487.40 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 267.49 487.40 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 306.45 487.40 Td (financial ) Tj ET Q q 0 0 0 rg BT 347.84 487.40 Td (and ) Tj ET Q q 0 0 0 rg BT 366.63 487.40 Td (operational ) Tj ET Q q 0 0 0 rg BT 419.02 487.40 Td (strength ) Tj ET Q q 0 0 0 rg BT 457.36 487.40 Td (in ) Tj ET Q q 0 0 0 rg BT 468.83 487.40 Td (assessing ) Tj ET Q q 0 0 0 rg BT 512.68 487.40 Td (whether ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 474.20 Td (to ) Tj ET Q q 0 0 0 rg BT 59.70 474.20 Td (continue ) Tj ET Q q 0 0 0 rg BT 99.23 474.20 Td (to ) Tj ET Q q 0 0 0 rg BT 109.43 474.20 Td (hold ) Tj ET Q q 0 0 0 rg BT 130.63 474.20 Td (common ) Tj ET Q q 0 0 0 rg BT 170.77 474.20 Td (units. ) Tj ET Q q 0 0 0 rg BT 196.20 474.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 237.56 474.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 277.28 474.20 Td ( ) Tj ET Q q 0 0 0 rg BT 278.93 474.20 Td (is ) Tj ET Q q 0 0 0 rg BT 287.91 474.20 Td (a ) Tj ET Q q 0 0 0 rg BT 294.44 474.20 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 344.15 474.20 Td ( ) Tj ET Q q 0 0 0 rg BT 345.79 474.20 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.92 474.20 Td (measure ) Tj ET Q q 0 0 0 rg BT 424.21 474.20 Td (and ) Tj ET Q q 0 0 0 rg BT 441.74 474.20 Td (should ) Tj ET Q q 0 0 0 rg BT 472.72 474.20 Td (not ) Tj ET Q q 0 0 0 rg BT 488.43 474.20 Td (be ) Tj ET Q q 0 0 0 rg BT 500.45 474.20 Td (considered ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 461.00 Td (as ) Tj ET Q q 0 0 0 rg BT 61.91 461.00 Td (an ) Tj ET Q q 0 0 0 rg BT 75.54 461.00 Td (alternative ) Tj ET Q q 0 0 0 rg BT 125.20 461.00 Td (to ) Tj ET Q q 0 0 0 rg BT 137.01 461.00 Td (net ) Tj ET Q q 0 0 0 rg BT 153.69 461.00 Td (income ) Tj ET Q q 0 0 0 rg BT 189.32 461.00 Td (or ) Tj ET Q q 0 0 0 rg BT 201.73 461.00 Td (any ) Tj ET Q q 0 0 0 rg BT 220.86 461.00 Td (other ) Tj ET Q q 0 0 0 rg BT 246.70 461.00 Td (indicator ) Tj ET Q q 0 0 0 rg BT 289.05 461.00 Td (of ) Tj ET Q q 0 0 0 rg BT 301.46 461.00 Td (Seadrill ) Tj ET Q q 0 0 0 rg BT 338.92 461.00 Td (Partners' ) Tj ET Q q 0 0 0 rg BT 380.19 461.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 439.02 461.00 Td (calculated ) Tj ET Q q 0 0 0 rg BT 486.84 461.00 Td (in ) Tj ET Q q 0 0 0 rg BT 498.65 461.00 Td (accordance ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 447.80 Td (with ) Tj ET Q q 0 0 0 rg BT 72.58 447.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 101.31 447.80 Td (. ) Tj ET Q q 0 0 0 rg BT 107.32 447.80 Td (The ) Tj ET Q q 0 0 0 rg BT 127.95 447.80 Td (table ) Tj ET Q q 0 0 0 rg BT 152.84 447.80 Td (below ) Tj ET Q q 0 0 0 rg BT 183.25 447.80 Td (reconciles ) Tj ET Q q 0 0 0 rg BT 230.58 447.80 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 273.82 447.80 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 313.54 447.80 Td ( ) Tj ET Q q 0 0 0 rg BT 317.06 447.80 Td (to ) Tj ET Q q 0 0 0 rg BT 329.13 447.80 Td (net ) Tj ET Q q 0 0 0 rg BT 346.09 447.80 Td (income, ) Tj ET Q q 0 0 0 rg BT 384.74 447.80 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 447.80 Td (most ) Tj ET Q q 0 0 0 rg BT 426.61 447.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 463.73 447.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 518.56 447.80 Td (GAAP) Tj ET Q q 0 0 0 rg BT 548.10 447.80 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 434.60 Td (measure. ) Tj ET Q q 0 0 0 rg BT 91.78 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 94.03 434.60 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 147.62 434.60 Td (means ) Tj ET Q q 0 0 0 rg BT 178.60 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 194.92 434.60 Td (figure ) Tj ET Q q 0 0 0 rg BT 224.07 434.60 Td (for ) Tj ET Q q 0 0 0 rg BT 239.78 434.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.11 434.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 290.14 434.60 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 338.24 434.60 Td (by ) Tj ET Q q 0 0 0 rg BT 352.13 434.60 Td (four) Tj ET Q q 0 0 0 rg BT 369.85 434.60 Td (. ) Tj ET Q q 0 0 0 rg BT 375.48 434.60 Td ( ) Tj ET Q q 0 0 0 rg BT 377.73 434.60 Td (Annualized ) Tj ET Q q 0 0 0 rg BT 431.31 434.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 471.47 434.60 Td (are ) Tj ET Q q 0 0 0 rg BT 487.79 434.60 Td (not ) Tj ET Q q 0 0 0 rg BT 504.73 434.60 Td (indicative ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 49.50 421.40 Td (of ) Tj ET Q q 0 0 0 rg BT 61.41 421.40 Td (historic ) Tj ET Q q 0 0 0 rg BT 97.16 421.40 Td (or ) Tj ET Q q 0 0 0 rg BT 109.07 421.40 Td (future ) Tj ET Q q 0 0 0 rg BT 138.09 421.40 Td (performance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 387.80 Td (Net income to ) Tj ET Q q 0 0 0 rg BT 110.32 387.80 Td (Adjusted EBITDA) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 296.50 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 296.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 296.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 267.50 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 267.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 267.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 237.50 358.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 237.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 237.50 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 208.50 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 208.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 208.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 180.50 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 180.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 180.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.30 152.50 358.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.30 152.50 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.30 152.50 70.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 352.5 m 477.3 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 352.5 m 547.3 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 352.5 m 547.3 352.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 166.5 m 407.3 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 166.5 m 477.3 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 166.5 m 547.3 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 152.5 m 407.3 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 152.5 m 407.3 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.3 138.5 m 407.3 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 152.5 m 477.3 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.3 138.5 m 477.3 138.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 152.5 m 547.3 152.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.3 138.5 m 547.3 138.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.95 357.18 Td (Three months ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.65 343.18 Td (December 31,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.80 331.18 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.85 343.18 Td (September 30,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.80 331.18 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 51.80 316.21 Td (\(in ) Tj ET Q q 0 0 0 rg BT 65.41 316.21 Td (US$ ) Tj ET Q q 0 0 0 rg BT 85.13 316.21 Td (millions\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 431.55 316.21 Td (Unaudited) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 501.55 316.21 Td (Unaudited) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 287.18 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 287.23 Td (189.6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.95 287.23 Td (35.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 272.17 Td (Depreciation & Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 273.07 Td (65.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 273.07 Td (57.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 257.17 Td (Net financial expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 258.07 Td (43.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.95 258.07 Td (125.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 242.17 Td (Tax) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 243.07 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 243.07 Td (48.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 227.17 Td (Amortization of mobilization revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.60 228.12 Td (\(4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 228.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.60 228.12 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 228.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 213.07 Td (Amortization of favorable contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.95 213.07 Td (19.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.95 213.07 Td (22.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 199.07 Td (Deferred consideration payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.60 199.12 Td (\(18.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.45 199.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 199.12 Td (\(18.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.45 199.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 185.07 Td (Standby revenue received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 185.07 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 185.07 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.80 171.07 Td (Mobilization revenue received) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.95 171.07 Td (8.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.95 171.07 Td (7.1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 157.18 Td (Adjusted EBITDA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 450.95 157.23 Td (308.8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 520.95 157.23 Td (273.7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.80 143.18 Td (Annualized Adjusted EBITDA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.45 143.23 Td (1,235.2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 513.45 143.18 Td (1,094.8) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 25 0 obj <> /View <>>>>> endobj 26 0 obj <> /View <>>>>> endobj 27 0 obj <> endobj 28 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ 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