London, United Kingdom, June 29, 2016 - Seadrill Partners LLC ("the Company") has reached an agreement with the current operator to remain on an extended standby rate of $316,000 per day with expected recommencement of work in late 2017 at the full operating rate of $526,000 per day. The unit had been down-manned in May and will be warm stacked during the extended standby period. As part of this agreement the operator must indicate its intention to recommence work by April 2017.