Profile: Seadrill Ltd (SDRL.N)
8 Dec 2016
Seadrill Limited, incorporated on May 10, 2005, is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. The Company's primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deepwater areas, and in benign and harsh environments. The Company's segments are Floaters and Jack-ups. The Company offers services encompassing drilling, completion and maintenance of offshore exploration and production wells.
The Company contracts its drilling units primarily on a dayrate basis to drill wells for its customers. A dayrate drilling contract generally extends over a period of time covering either the drilling of a single well or group of wells or covering a stated term. The Company also provides management services to certain unconsolidated companies in which its holds investments. The Company has a fleet of approximately 38 offshore drilling units consisting of over 12 semi-submersible rigs, approximately seven drillships and over 19 jack-up rigs in operation, and contracts for the construction of approximately 13 offshore drilling units. The Company's subsidiaries include North Atlantic Drilling Ltd., which focuses on harsh environment offshore drilling operations; Sevan Drilling ASA, which focuses on owning and operating drilling units and specializes in the ultra-deepwater segment, and Asia Offshore Drilling Ltd., which owns and operates approximately three high-specification jack-up drilling rigs.
Par-La-Ville Place, 14 Par-La-Vi
HAMILTON HM 08