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Public limited company | |
Traded as | : : SDRL |
Industry | Petroleum industry |
Founded | 2005 |
Headquarters | Hamilton, Bermuda |
Key people
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John Fredriksen, Chairman Per Wulff, CEO Mark Morris, CFO |
Services | Offshore drilling |
Revenue |
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Total assets |
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Total equity |
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Number of employees
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4,780 (2016) |
Website | www |
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.