Seadrill reports that its wholly owned subsidiary Seadrill Partners LLC (the MLP) has confidentially submitted its first draft registration statement to the US Securities and Exchange Commission (SEC).

The initial public offering of the MLP's common units is expected to commence after the SEC completes its review process. Upon completion of the offering, the MLP is expected to have an interest in two semi-submersible drilling rigs, one drillship and one semi-tender rig from Seadrill Limited's rig fleet.

Tags: Seadrill