Profile: Seadrill Ltd (SDRL.N)
3 Dec 2013
Seadrill Limited, incorporated on May 10, 2005, an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. Its primary business is the ownership and operation of jack-up rigs, tender rigs, semi-submersible rigs and drillships for operations in shallow, mid and deepwater areas, and in benign and harsh environments. The Company operates in three segments: floaters, jack-up rigs and tender rigs. Seadrill owns and operates a fleet of offshore drilling units, which consist of semi-submersible rigs, drillships, jack-up rigs and tender rigs, including units, which is under construction, which consists of drillships, semi-submersible rig, jack-up rigs and tender rigs. In addition, it operates approximately five tender rigs in association with Varia Perdana Sdn Bhd (Varia Perdana) and it provides the construction supervision, project management, and commercial management to all three new building jack-up rigs of Asia Offshore Drilling (AOD).
The Company holds investments in several other companies in its industry that own and/or operate offshore drilling units with similar characteristics to its own fleet of rigs or deliver various oil services. These investments provides the Company with additional exposure to market segments, in which it operates or other oil services.
The Company Floaters segment offers services encompassing drilling, completion and maintenance of offshore exploration and production wells. The drilling contracts relate to semi-submersible rigs and drillships for harsh and benign environments in mid-, deep- and ultra-deep waters. The Jack-up rigs segment offers services encompassing drilling, completion and maintenance of offshore exploration and production wells. The drilling contracts relate to jack-up rigs for operations in harsh and benign environments. The Tender Rigs segment operates self-erecting tender barges and semi-submersible tender rigs, which are used for production drilling and well maintenance in Southeast Asia and West Africa. The Company provides services using platform drilling, facility engineering, modular rig, well intervention and oilfield technologies. Its customers are oil and gas exploration and production companies, including integrated oil companies, independent oil and gas producers and government-owned oil and gas companies.
14 Par-la-Ville Road, 1593
PO Box HM
HAMILTON HM 08