Profile: Pacific Drilling SA (PACD.N)
29 Jun 2016
Pacific Drilling S.A., incorporated on March 22, 2011, is an international offshore drilling contractor. The Company provides offshore drilling services to the oil and natural gas industry through the use of high-specification rigs. Its primary business is to contract its high-specification rigs, related equipment and work crews, primarily on a day rate basis, to drill wells for its clients. The Company is engaged in drillships segment. The Company is primarily focused on the high-specification segment of the floating rig market. The Company generally considers high-specification requirements to include rigs in water depths of approximately 7,500 feet or projects requiring advanced operating capabilities, such as hook-loads (>800 tons), accommodations (over 200 beds), mud storage and pumping capacity, and deck-load and space capabilities.
The Company's drillships are mobile and its fleet operates in a market segment for the deepwater and ultra-deepwater exploration and production industry. Its contract drillships operate in the deepwater regions of the United States, Gulf of Mexico and Nigeria. Its fleet consists of approximately seven drillships, including the Pacific Bora, the Pacific Scirocco, the Pacific Santa Ana, the Pacific Sharav, the Pacific Mistral, the Pacific Khamsin and the Pacific Meltem. The Company has approximately three operating drillships, including the Pacific Bora, the Pacific Santa Ana, and the Pacific Sharav, which are working for subsidiaries of Chevron Corporation (Chevron). The Pacific Scirocco is working for a subsidiary of Total S.A. (Total). The Pacific Bora and the Pacific Scirocco are located offshore Nigeria; the Pacific Santa Ana and the Pacific Sharav are located offshore the United States. The Pacific Mistral and the Pacific Meltem are anchored at Aruba.
Pacific Drilling SA
8-10 Avenue de la Gare