Seadrill

Seadrill Limited
Type Publicly traded limited company
Traded as OSE: SDRL, NYSESDRL
Industry Oilfield services
Founded 2005
Headquarters Hamilton, Bermuda
Key people John Fredriksen (Chairman), Alf Thorkildsen (CEO)
Products Drilling rig lease and operation
Revenue US $4.041 billion (2010)[1]
Operating income US $1.625 billion (2010)[1]
Profit US $1.117 billion (2010)[1]
Total assets US $17.50 billion (end 2010)[1]
Total equity US $5.937 billion (end 2010)[1]
Employees 9,800 (end 2010)[1]
Website www.seadrill.com

Seadrill is a Norwegian-Bermudan offshore drilling company with operations in Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand and the United Kingdom. The company operates Semi-submersibles, Jack ups, Tender rigs, Semi-Tenders and Drillships. The company is domiciled in Bermuda and is listed on Oslo Stock Exchange and the New York Stock Exchange. Operational headquarter is situated in Stavanger, Norway. Other major company locations are found in Singapore, Houston and Aberdeen. John Fredriksen has a major ownership in the company.

Rigs

As of Oct 2008 Seadrill operates the following rigs:

Name Type Location Client Build Yard
West Titania Jack-up Nigeria Afren 1981 Götaverken
West Larissa Jack-up Vietnam Premier 1984 KFELS
West Janus Jack-up Malaysia Shell 1985 Rauma-Repola
West Epsilon Jack-up Norway Statoil 1993 KFELS
West Alpha Semi-submersible Norway Statoil 1986 NKK
West Venture Semi-submersible Norway Statoil 2000 Hitachi
West Navigator Drillship Norway Shell 2000 Samsung
Crystal Ocean FPSO Australia Anzon Australia 1994 Langstein Slip
Crystal Sea FPSO India Discovery Enterprise 1999 Kvaerner Govan
West Pelaut Semi Tender Brunei Shell 1994 FELS
West Menang Semi Tender Republic of Congo Total 1999 Keppel Shipyard
West Alliance Semi Tender Malaysia Shell 2001 Keppel Shipyard
West Setia Semi Tender Angola Chevron 2004 Keppel Shipyard
T3 Tender Rig Thailand ETT 1980 Robin
T4 Tender Rig Thailand Chevron 1981 Robin
T8 Tender Rig Republic of Congo Total 1982 Marathon LeTourneau
T6 Tender Rig Malaysia Carigali 1982 Robin
T7 Tender Rig Thailand Chevron 1983 Robin
Teknik Berkat Tender Rig Malaysia Carigali 1990 Robin
T9 Tender Rig Malaysia ExxonMobil 2004 MSE

In addition to this Seadrill has orders for three jack-ups, seven semi-subs, three drillships and one semi-tender rig and one tender rig.

Seadrill's jackup West Atlas on Montara field about 690 kilometers offshore of Darwin, Australia caught fire on November 1, 2009 after the field had been leaking oil for ten weeks. The vessel operator was the Thai firm PTTEP.[2]

History

Seadrill was established in May 2005 and listed on Oslo Stock Exchange in November. By July 2005 it had acquired the drilling company Odfjell and by September 2006 it owns a controlling share of Smedvig and Eastern Drilling. The ownership in Smedvig was acquired in competition with Noble.

On 31 May 2010 Seadrill made a bid to acquire all shares in Scorpion Offshore offering Nkr40.50 ($6.26) per share. Seadrill already owns about 40% of Scorpion Offshore.[3]

References

  1. ^ a b c d e f "Annual Report 2010". Seadrill. http://www.seadrill.com/stream_file.asp?iEntityId=1252. Retrieved 5 May 2011. 
  2. ^ Perry, Michael (1 November 2009). "Leaking Timor Sea oil rig catches fire". Reuters. http://www.reuters.com/article/asiaCrisis/idUSSYD469764. Retrieved 2009-11-01. 
  3. ^ "Seadrill forces Ensco out of Scorpion race". Upstream Online (NHST Media Group). 2010-05-31. http://www.upstreamonline.com/live/article216336.ece. Retrieved 2010-07-03.