Seadrill Partners is to launch a new share interest as it looks to raise more than $300million to fund its rig purchases.
The company announced yesterday it was to buy the West Leo and West Sirius semi-submersible rigs from Seadrill Operating and Seadrill Capricorn.
Seadrill Partners was formed by the John Fredriksen-owned Seadrill to own, operate and buy rigs under long-term contract, with four rigs and a drillship already secured.
It faces paying $229.4million for the West Leo, with a $298.4million bill for the West Sirius.
The new placing would see it issue 11,200,000 shares at $29.50 per common unit.