Odfjell Drilling

Last updated
Odfjell Drilling Ltd.
Type Public company
OSE: ODL.OL
IndustryOilfield services
Founded1973;50 years ago (1973)
Headquarters Bergen
Stavanger
Aberdeen
Norway
Key people
Simen Lieungh (CEO)
ServicesOffshore drilling services
RevenueIncrease2.svg US$662 million (2017)
Increase2.svg US$35 million (2017)
Total assets Decrease2.svg US$2.128 billion (2018)
Total equity Increase2.svg US$769 million (2018)
Number of employees
2,500
Website www.odfjelldrilling.com
Footnotes /references
[1] [2]

Odfjell Drilling Ltd. is an oil drilling, well service, and engineering company.

Contents

Current operations

The company has 3 divisions: [3]

History

The company was established in 1973 as an affiliate of Odfjell. In 1974, the first rigs were delivered from Aker ASA, and started service for ELF and Saga Petroleum. The first production drilling contract was awarded by Statoil on the Statfjord oil field in 1979. In 1984, the company expanded to the United Kingdom with a semi-submersible rig for Hamilton Brothers Oil & Gas. In 1989 the company opened an office in Singapore. In 1995, the company decided to concentrate on the North Sea. [4]

In 2013, the company became a public company via an initial public offering on the Oslo Stock Exchange. [5]

In 2017, the company sold its 37% interest in Robotic Drilling Systems, which it acquired in 2014. [6] [7]

In 2018, the company announced plans to expand its rig count from 4 to 6 to 10. [8]

In 2018, the company acquired a drilling rig from Samsung. [9]

See also

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References

  1. "Odfjell Drilling: About". Odfjell Drilling.
  2. "Odfjell Drilling: Prospectus" (PDF). Odfjell Drilling.
  3. "Odfjell Drilling Ltd (ODLL.OL)". Reuters. Archived from the original on 2019-08-01.
  4. "Odfjell Drilling: Company History". Odfjell Drilling.
  5. Mainwaring, Jon (September 13, 2013). "Odfjell Drilling to Go Ahead with IPO". RigZone.
  6. Solsvik, Terje (August 31, 2017). "BRIEF-Nabors Industries to buy Robotic Drilling Systems -Odfjell Drilling". Reuters .
  7. "Odfjell Drilling Takes Major Stake in Robotic Drilling Systems". RigZone. April 4, 2014.
  8. Adomaitis, Nerijus (April 20, 2018). "Norway's Odfjell Drilling to expand fleet as rig market recovers". Reuters .
  9. Solsvik, Terje (April 27, 2018). "Odfjell Drilling to buy $505 mln rig from Samsung for Aker BP work". Reuters .