Odfjell Drilling
From Wikipedia, the free encyclopedia
| Odfjell Drilling AS | |
|---|---|
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| Type | Subsidiary |
| Founded | 1973 |
| Headquarters | Bergen, Norway |
| Area served | North Sea |
| Key people | Ketil Lenning (CEO) |
| Industry | Petroleum |
| Products | Drilling rig operation |
| Revenue | ▲ NOK 3,199 million (2006) |
| Operating income | NOK 192 million (2006) |
| Net income | NOK 144 million (2006) |
| Employees | 1,889 (2007) |
| Parent | Odfjell |
| Website | www.odfjelldrilling.com |
Odfjell Drilling is a drilling rig operator company. A subsidiary of Odfjell, the company is based in Bergen, Norway with main operations in the North Sea. It operates three semi-submersible rigs as well as performing operational drilling for StatoilHydro, ConocoPhillips and Talisman Energy on a total of 15 platforms.
[edit] History
The company was established in 1969 when Odfjell took orders of three drilling rigs delivered from Aker. In 1973 the company was formerly established as Odfjell Drilling & Consulting Company AS. In 1974 the first rigs were delivered, and started service for Conoco and Saga Petroleum. The first production drilling contract was awarded by Statoil on the Statfjord oil field in 1979. In 1984 Odfjell Drilling started with operation on the British sector with a semisubmersible rig for Hamilton Brothers Oil & Gas. Since the mid-1990s Odfjell has made a strategic decision to concentrate on the North Sea market, resulting in the acquire of Norwegian Drilling Management and the creation of the joint venture Deutag Norge Drilling with Deutsche Tiefbohr. In 1996 the subsidiary company Deepsea was listed on the Oslo Stock Exchange, but liquidated a year later after the platform was bought by Marine Drilling in 1997. In 2004 the public listed company Odfjell Invest was created to order and operate further rigs. The company was listed on the Oslo Stock Exchange and registered on Bermuda, and is controlled by the Odfjell family.
