Seadrill

Seadrill Limited

Type	Publicly traded limited company
Traded as	OSE: SDRL, NYSE: SDRL
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.