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Pacific Drilling

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Pacific Drilling
Company typePublic company
NYSE: PACD
Russell 2000 Index component
Founded2006
HeadquartersLuxembourg
Key people
Idan Ofer, owner
Websitepacificdrilling.com

Pacific Drilling is an offshore ultra-deepwater drilling company.[1] It is listed on the New York Stock Exchange, trading as PACD.[1][2][3]

Overview

The company was founded in 2006 by Idan Ofer, a billionaire Israeli business magnate.[4] It was listed on the Norwegian stock exchange as PDSA until 2011, when it joined the New York Stock Exchange as PACD.[4]

It is headquartered in Luxembourg, with its corporate office located in Houston, Texas.[1] It employs a workforce of roughly 900.[1] Its Chairman is Cyril Ducau and its Chief Executive Officer is Christian J. Beckett.[1][2]

It operates drillships for exploration internationally for ultra-deepwater offshore drilling.[4] In 2011, one ship called the Pacific Bora was active in the Agbami Field near Nigeria.[4] Other ships are active in the Offshore oil and gas in the US Gulf of Mexico and in Brazil.[4]

References

  1. ^ a b c d e Pacific Drilling S.A., The Wall Street Journal
  2. ^ a b Pacific Drilling Sa (PACD:New York), Bloomberg Businessweek
  3. ^ Pacific Drilling S.A., MarketWatch
  4. ^ a b c d e Idan Ofer's Pacific Drilling files for $60m NYSE IPO, Globes, 07/11/2011


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