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Business acquisition (Tables)
12 Months Ended
Dec. 31, 2015
Business Acquisition [Line Items]  
Summary of acquisitions during the period
The following table summarizes the above acquisitions during the year ended December 31, 2013:
(In US$ millions)
 
T-15
 
T-16
 
West Sirius
 
West Leo
 
Total
 
 
 
 
 
 
 
 
 
 
 
Total purchase price
 
210.0

 
200.0

 
1,035.0

 
1,250.0

 
2,695.0

Debt assumed
 
(100.5
)
 
(93.1
)
 
(220.2
)
 
(485.0
)
 
(898.8
)
Purchase price less debt
 
109.5

 
106.9

 
814.8

 
765.0

 
1,796.2

Working capital adjustments
 
(34.9
)
 
(39.0
)
 
106.7

 
(35.0
)
 
(2.2
)
Adjusted purchase price
 
74.6

 
67.9

 
921.5

 
730.0

 
1,794.0

Carrying value of net assets / (liabilities) acquired
 
(4.8
)
 
0.3

 
374.6

 
117.3

 
487.4

Excess of sales price over net assets acquired
 
79.4

 
67.6

 
546.9

 
612.7

 
1,306.6

West Polaris Acquisition  
Business Acquisition [Line Items]  
Summary of acquisitions during the period
The following table summarizes the consideration paid, and the amounts of the assets and liabilities recognized at the acquisition date.
(In US$ millions)
June 19, 2015

Consideration
 
Cash
204.0

Contingent consideration
95.3

Seller's Credit
44.6

Plus: Working capital adjustment
30.7

Fair value of total consideration transferred
374.6

 
 
Recognized amounts of identifiable assets acquired and liabilities assumed at estimated fair value
 
Cash
20.0

Current assets
52.1

Intangible asset - favorable drilling contract
124.3

Drilling unit
575.3

Long term interest bearing debt
(336.0
)
Current liabilities
(20.2
)
Non-current liabilities
(1.3
)
Total identifiable net assets at acquisition
414.2

 
 
Measurement period adjustment
(30.3
)
Gain on bargain purchase
(9.3
)
Total
374.6

Summary of Proforma Revenue and Proforma Earnings of Combined Entity
The pro forma revenue and pro forma net income of the combined entity for the year ended December 31, 2015 and December 31, 2014, had the acquisition date been January 1, 2014 are as follows:
 
Year ended December 31,
(In US$ millions)
2015
 
2014
 
Seadrill Partners LLC as reported
 
Supplemental pro forma combined entity
 
Seadrill Partners LLC as reported
 
Supplemental pro forma combined entity
Total Revenue
$
1,741.6

 
$
1,851.3

 
$
1,342.6

 
$
1,564.1

Net Income
488.4

 
535.7

 
314.6

 
388.9

Net income attributable to Seadrill Partners LLC members
257.2

 
284.6

 
138.2

 
181.3

West Auriga  
Business Acquisition [Line Items]  
Summary of acquisitions during the period
The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date.
(In US$ millions)
March 21, 2014

Consideration
 
Cash
696.9

Discount note issued
100.0

Working capital adjustment
(330.4
)
Fair value of total consideration transferred
466.5

 
 
Recognized amounts of identifiable assets acquired and liabilities assumed at estimated fair value

Cash
24.4

Current assets
44.4

Intangible asset - favorable drilling contract
76.2

Drilling unit
1,065.7

Non current assets
76.6

Long term interest bearing debt
(443.1
)
Current liabilities
(380.6
)
Total identifiable net assets
463.6

 
 
Goodwill
2.9

Total
466.5

Summary of Proforma Revenue and Proforma Earnings of Combined Entity
The pro forma revenue and pro forma net income of the combined entity for the year ended December 31, 2014 and 2013, had the acquisition date been January 1, 2013 are as follows:
 
Year ended December 31,
(In US$ millions)
2014
 
2013
 
Seadrill Partners LLC as reported
 
Supplemental pro forma combined entity
 
Seadrill Partners LLC as reported
 
Supplemental pro forma combined entity
Revenues
1,342.6

 
1,390.7

 
1,064.3

 
1,096.1

Net Income
314.6

 
331.0

 
415.4

 
412.5


West Vela  
Business Acquisition [Line Items]  
Summary of acquisitions during the period
The following table summarizes the consideration paid and the amounts of the assets acquired and liabilities assumed recognized at the acquisition date.
(In US$ millions)
November 4, 2014

Consideration
 
Cash
467.0

Mobilization payable
73.7

Contingent consideration
65.7

Less: Working capital adjustment
(6.0
)
Fair value of total consideration transferred
600.4

 
 
Recognized amounts of identifiable assets acquired and liabilities assumed at estimated fair value
 
Cash
1.9

Current assets
61.4

Intangible asset - favorable drilling contract
204.7

Drilling unit
755.8

Non current assets
61.8

Long term interest bearing debt
(433.1
)
Current liabilities
(52.3
)
Total identifiable net assets
600.2

 
 
Goodwill
0.2

Total
600.4

Summary of Proforma Revenue and Proforma Earnings of Combined Entity
The pro forma revenue and pro forma net income of the combined entity for the twelve months ended December 31, 2014 and December 31, 2013, had the acquisition date been January 1, 2013 are as follows:
 
Year ended December 31,
(In US$ millions)
2014
 
2013
 
Seadrill Partners LLC as reported
 
Supplemental pro forma combined entity
 
Seadrill Partners LLC as reported
 
Supplemental pro forma combined entity
Revenues
1,342.6

 
1,532.4

 
1,064.3

 
1,083.4

Net Income
314.6

 
407.6

 
415.4

 
403.8