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TheStreet Open House

Seadrill's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Seadrill Limited (SDRL)

Q2 2012 Earnings Call

August 27, 2012 12:00 p.m. ET

Executives



Alf Thorkildsen - CEO and President

Rune Magnus Lundetræ - CFO and SVP

Robert Hingley-Wilson - CAO and SVP

Ragnvald Kavli – IR Manager

Analysts



Lukas Daul - Enskilda Securities ASA

Andreas Stubsrud – Pareto Securities

Robert Jensen - Platou Markets

Ryan Kauppila - Citigroup

Monroe Helm - Barrow Hanley

Julien Laurent - Natixis

Presentation



Operator



Good day and welcome to the second quarter 2012 earnings release conference call. Today’s conference is being recorded and at this time, I would like to turn the call over to your host today Mr. Ragnvald Kavli. Please go ahead sir.

Ragnvald Kavli

Thank you and welcome to our second quarter 2012 earnings conference call. Please note that this conference call also includes comments on the second quarter 2012 accounts for our majority owned OTC listed subsidiary North Atlantic Drilling Limited. The quarterly reports and other supporting materials are available on SEDAR.com and (indiscernible).

Together with me on this call, I have our CEO and President, Mr. Alf Thorkildsen and our CFO and Senior Vice President, Mr. Rune Magnus Lundetræ and Robert Hingley-Wilson, our Senior Vice President and Chief Accounting Officer. But before I give the words to Alf to give us an update and the status of our business, I’d like to remind everyone that during the course of this call, we may make certain forward looking statements regarding matters related to our business and company that are not based on historical facts. Please note that such statements in addition to other information discussed are given within the safe harbor provisions provided by the federal securities regulations. For future and more detailed description of other risks associated with our company and industry, please see our most recent annual reports on Form 20-F and other filings with the SEC.

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