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Seadrill Offshore

Seadrill Limited
Public limited company
Traded as :
SDRL
Industry Petroleum industry
Founded 2005; 12 years ago (2005)
Headquarters Hamilton, Bermuda
Key people
John Fredriksen, Chairman
Per Wulff, CEO
Mark Morris, CFO
Services Offshore drilling
Revenue Decrease $3.169 billion (2016)
Increase $1.026 billion (2016)
Increase -$0.155 billion (2016)
Total assets Decrease $21.666 billion (2016)
Total equity Decrease $10.063 billion (2016)
Number of employees
4,780 (2016)
Website www.seadrill.com

Seadrill is a deepwater drilling contractor that provides drilling services to the oil and gas industry. It is incorporated in Bermuda and managed from London. Seadrill has operations in Angola, Brunei, the Republic of Congo, Indonesia, Malaysia, Nigeria, Norway, Thailand, Brazil, Saudi Arabia, UAE, United States and the United Kingdom.

The company operates semi-submersibles, jack-ups and drillships. The company provides quarterly online updates on the status of each rig in its fleet on its website.

Seadrill was incorporated as a Bermuda company in May 2005 by the Norwegian-born shipping tycoon John Fredriksen and listed on the in November 2005.

In July 2005, the company acquired the drilling company Odfjell.

In September 2006, the company acquired a controlling share of Smedvig by outbidding Noble Energy.

In 2007, the company acquired Eastern Drilling.

In May 2010, the company outbid Ensco plc for Scorpion Offshore, valuing the company at $567 million.

In 2014, Seadrill conducted an initial public offering of its North Atlantic Drilling subsidiary, which owns harsh environment rigs. Seadrill continued to own 70% of North Atlantic Drilling.


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