Seadrill

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Seadrill Limited
TypePublicly traded limited company
Traded asOSE: SDRL, NYSESDRL
IndustryOilfield services
Founded2005
HeadquartersHamilton, Bermuda
Key peopleJohn Fredriksen (Chairman), Per Wullf (CEO)
ProductsDrilling rig lease and operation
RevenueUS $4.041 billion (2010)[1]
Operating incomeUS $1.625 billion (2010)[1]
ProfitUS $1.117 billion (2010)[1]
Total assetsUS $17.50 billion (end 2010)[1]
Total equityUS $5.937 billion (end 2010)[1]
Employees9,800 (end 2010)[1]
Websitewww.seadrill.com
 
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Seadrill Limited
TypePublicly traded limited company
Traded asOSE: SDRL, NYSESDRL
IndustryOilfield services
Founded2005
HeadquartersHamilton, Bermuda
Key peopleJohn Fredriksen (Chairman), Per Wullf (CEO)
ProductsDrilling rig lease and operation
RevenueUS $4.041 billion (2010)[1]
Operating incomeUS $1.625 billion (2010)[1]
ProfitUS $1.117 billion (2010)[1]
Total assetsUS $17.50 billion (end 2010)[1]
Total equityUS $5.937 billion (end 2010)[1]
Employees9,800 (end 2010)[1]
Websitewww.seadrill.com

Seadrill is an offshore drilling company domiciled in Bermuda and managed from Norway Seadrill has operations in countries that include Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand, Brazil and the United Kingdom among others. The company operates Semi-submersibles, Jack ups and Drillships. It sold the majority of their Tender rig and Semi-Tender operation to SapuraKencana in 2012. Tender rigs T-15, T16 and the West Vencedor were sold to Seadrill Partners. The company is listed on Oslo Stock Exchange and the New York Stock Exchange. Operational headquarters is situated in London, United Kingdom. Seadrill Management AS was originally situated in Stavanger, but after a vote to move in 2012, it is from late 2013 situated in London. Other major company locations are found in Singapore, Houston and Aberdeen. John Fredriksen has a major ownership in the company.

History[edit]

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 owned about 40% of Scorpion Offshore.[2]

In 2011 Seadrill carved out six of its units and formed the company North Atlantic Drilling which operates in the North Atlantic Basin. It is a part of the Seadrill concern as it is 74% owned by the company. [3] In 2013 Seadrill acquired more than fifty percent (50%) of the outstanding shares in Sevan Drilling and stated in their announcement of the purchase that they would support Sevan Drilling.

In September 2013, a financial company, Heirs Holdings made a “substantial” investment in Seadrill’s Nigerian unit.[4]

Fleet[edit]

As of Aug. 2012 Seadrill operates the following rigs:

NameTypeLocationClientBuildYard
West TitaniaJack-upNigeriaAfren1981Götaverken
West LarissaJack-upVietnamPremier1984KFELS
West JanusJack-upMalaysiaShell1985Rauma-Repola
West EpsilonJack-upNorwayStatoil1993KFELS
West AlphaSemi-submersibleNorwayStatoil1986NKK
West VentureSemi-submersibleNorwayStatoil2000Hitachi
West AquariusSemi-submersibleCanadaExxonMobil2009Daewoo
West CapricornSemi-submersibleGulf of MexicoBP2011Singapore
West EminenceSemi-submersibleBrazilPetrobras2009Samsung
West HerculesSemi-submersibleNorwayN/A2008Daewoo
West LeoSemi-submersibleWest AfricaTullow2011Singapore
West MiraSemi-submersibleUnder constructionHusky Energy2015Hyundai
West OrionSemi-submersibleBrazilPetrobras2010Singapore
West PegasusSemi-submersibleGulf of MexicoPemex2011Russia & UK
West PhoenixSemi-submersibleUKTotal2008Samsung
West RigelSemi-submersibleUnder constructionN/A2015Singapore
West SiriusSemi-submersibleGulf of MexicoBP2008Singapore
West TaurusSemi-submersibleBrazilPetrobras2008Singapore
West NavigatorDrillshipNorwayShell2000Samsung
West AurigaDrillshipGulf of MexicoBP2013Samsung
West CapellaDrillshipWest AfricaExxonMobil2008Samsung
West GeminiDrillshipWest AfricaTotal2010Samsung
West JupiterDrillshipUnder constructionN/A2014Samsung
West NeptuneDrillshipUnder constructionN/A2014Samsung
West PolarisDrillshipWest AfricaExxonMobil2008Samsung
West SaturnDrillshipUnder constructionN/A2014Samsung
West TellusDrillshipChinaChevron2013Samsung
West VelaDrillshipGulf of MexicoBP2013Samsung
West CarinaDrillshipUnder constructionN/A2014Samsung
Crystal OceanFPSOAustraliaAnzon Australia1994Langstein Slip
Crystal SeaFPSOIndiaDiscovery Enterprise1999Kvaerner Govan
West PelautSemi TenderBruneiShell1994FELS
West MenangSemi TenderMalaysiaMurphy Sabah Oil Co.1999Keppel Shipyard
West AllianceSemi TenderMalaysiaShell2001Keppel Shipyard
West SetiaSemi TenderAngolaChevron2004Keppel Shipyard
T3Tender RigThailandETT1980Robin
T4Tender RigThailandChevron1981Robin
T8Tender RigRepublic of CongoTotal1982Marathon LeTourneau
T6Tender RigMalaysiaCarigali1982Robin
T7Tender RigThailandChevron1983Robin
Teknik BerkatTender RigMalaysiaCarigali1990Robin
T9Tender RigMalaysiaExxonMobil2004MSE

[5]

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.[6]

References[edit]

  1. ^ a b c d e f "Annual Report 2010". Seadrill. Retrieved 5 May 2011. 
  2. ^ "Seadrill forces Ensco out of Scorpion race". Upstream Online (NHST Media Group). 2010-05-31. Retrieved 2010-07-03. 
  3. ^ http://seekingalpha.com/article/1301731-north-atlantic-drilling-has-it-all-high-dividend-growth-prospects-and-a-catalyst
  4. ^ Heirs Holdings invests in Seadrill for Nigerian offshore projects, Africa: Oil Review Africa, 2013 
  5. ^ RIGZONE. Dice Holdings, Inc, n.d. Web. 09 Aug. 2012. |url=http://www.rigzone.com%7C.
  6. ^ Perry, Michael (1 November 2009). "Leaking Timor Sea oil rig catches fire". Reuters. Retrieved 2009-11-01.