Odfjell Drilling

Odfjell Drilling

Type	Private
Industry	Oilfield services
Founded	1973
Headquarters	BergenStavangerAberdeenNorway
Area served	Global
Key people	Simen Lieungh (CEO)
Services	Offshore drilling services
Employees	3000 (2011)
Website	odfjelldrilling.com

Odfjell Drilling' is a privately-owned international drilling, well service and engineering company with 3000 employees. The company has nearly 40 years experience of international drilling operations and has carried out drilling operations in the North Sea and in most parts of the world. Odfjell Drilling Ltd. is the holding company of the Odfjell Drilling group. The company was listed on the Oslo Stock Exchange and registered on Bermuda. It is controlled by the Odfjell family. ^[1]

History

The company was established in 1969 when Odfjell took orders of three drilling rigs delivered from Aker. In 1973 the company was formerly established as Odfjell Drilling & Consulting Company AS. In 1974 the first rigs were delivered, and started service for Conoco and Saga Petroleum. The first production drilling contract was awarded by Statoil on the Statfjord oil field in 1979. In 1984 Odfjell Drilling started with operation on the British sector with a semi-submersible rig for Hamilton Brothers Oil & Gas. Since the mid-1990s Odfjell has made a strategic decision to concentrate on the North Sea market, resulting in the acquisition of Norwegian Drilling Management and the creation of the joint venture Deutag Norge Drilling with Deutsche Tiefbohr.

In 1996 the subsidiary company Deepsea ASA was listed on the Oslo Stock Exchange, but was delisted a year later after the acquisition by Marine Drilling Marine Drilling Companies (now part of Ensco plc).^[2][3] The main asset of the company was the bare-deck hull of the under-construction Deepsea Stavanger drilling rig. The company was renamed Marine Drilling ASA and the bare-deck hull was renamed and used for building MARINE 700 drilling rig.^[3]

In 2004 Odfjel and Odfjell Drilling created Odfjell Invest to order and operate further rigs.^[4] The company operates two semi-submersible rigs on behalf of Odfjell Drilling, with delivery in October 2008 and June 2010. The company is based in Hamilton, Bermuda. The company was listed at the Oslo Stock Exchange but was delisted in 2009.

Operations

The company has contracts for 23 fixed and mobile units in the North Sea and internationally. The company's new build programme includes two ultra deepwater and harsh environment drilling rigs and two ultra deepwater drillships. The ultra deepwater and harsh environment drilling rigs Deepsea Atlantic and Deepsea Stavanger were delivered from Daewoo Shipbuilding & Marine Engineering in South Korea in 2009 and 2010, respectively. The drillship Deepsea Metro I was delivered by Hyundai Heavy Industries in June 2011. The second ultra deepwater drillship Deepsea Metro II will be delivered in Q4 2011.

Odfjell Drilling consists of three business units:

• Mobile Offshore Drilling Units
• Odfjell Drilling & Technology
• Odfjell Well Services

The company is present in 12 countries and operates in more than 20. Odfjell Drilling is located in Norway (Bergen, Stavanger, Stjørdal), UK (Aberdeen), the Netherlands, Romania Brazil, Tanzania, Angola, United Arab Emirates (Dubai, Abu Dhabi), Saudi Arabia, Turkmenistan, the Philippines and South Korea,.

References

1. ^ "European Oil and Gas". http://www.europeanoilandgas.co.uk/article-page.php?contentid=1774&issueid=84. 
2. ^ "History". Odfjell Drilling. Archived from the original on 2007-10-08. http://web.archive.org/web/20071008063501/http://www.odfjelldrilling.com/modules/module_109/publisher_view_product.asp?iEntityId=678&mids=a144a162a. Retrieved 2007-10-25. 
3. ^ ^{a b} "Marine Drilling Announces Acquisition of Deep Sea ASA and MARINE 700". PR Newswire. 1997-05-21. http://www.highbeam.com/doc/1G1-19429602.html. Retrieved 2010-06-05. 
4. ^ "Odfjell Drilling website". http://www.odfjelldrilling.com.