Seadrill

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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), Per Wullf (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 an offshore drilling company domiciled in Bermuda and managed from London. Seadrill has operations in countries that include Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand, Brazil, US 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 2013 situated in London. Other major company locations are found in Singapore, Houston, Rio, Dubai and Stavanger. 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:

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 Aquarius Semi-submersible Canada ExxonMobil 2009 Daewoo
West Capricorn Semi-submersible Gulf of Mexico BP 2011 Singapore
West Eminence Semi-submersible Brazil Petrobras 2009 Samsung
West Hercules Semi-submersible Norway N/A 2008 Daewoo
West Leo Semi-submersible West Africa Tullow 2011 Singapore
West Mira Semi-submersible Under construction Husky Energy 2015 Hyundai
West Orion Semi-submersible Brazil Petrobras 2010 Singapore
West Pegasus Semi-submersible Gulf of Mexico Pemex 2011 Russia & UK
West Phoenix Semi-submersible UK Total 2008 Samsung
West Rigel Semi-submersible Under construction N/A 2015 Singapore
West Sirius Semi-submersible Gulf of Mexico BP 2008 Singapore
West Taurus Semi-submersible Brazil Petrobras 2008 Singapore
West Navigator Drillship Norway Shell 2000 Samsung
West Auriga Drillship Gulf of Mexico BP 2013 Samsung
West Capella Drillship West Africa ExxonMobil 2008 Samsung
West Gemini Drillship West Africa Total 2010 Samsung
West Jupiter Drillship Under construction N/A 2014 Samsung
West Neptune Drillship Under construction N/A 2014 Samsung
West Polaris Drillship West Africa ExxonMobil 2008 Samsung
West Saturn Drillship Under construction N/A 2014 Samsung
West Tellus Drillship China Chevron 2013 Samsung
West Vela Drillship Gulf of Mexico BP 2013 Samsung
West Carina Drillship Under construction N/A 2014 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 Malaysia Murphy Sabah Oil Co. 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

[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.