Odfjell Drilling
| It has been suggested that Deepsea be merged into this article or section. (Discuss) Proposed since May 2010. |
| Type | Parent Company |
|---|---|
| Industry | Petroleum |
| Founded | 1973 |
| Headquarters | BergenStavangerAberdeenNorway |
| Area served | North Sea |
| Key people | Ketil Lenning (CEO) |
| Products | Drilling rig operation |
| Revenue |
 NOK 3,199 million (2006) |
| Operating income | NOK 192 million (2006) |
| Net income | NOK 144 million (2006) |
| Employees | 2700 (2009) |
| Website | www.odfjelldrilling.com |
Odfjell Drilling' is an international offshore drilling, well service and engineering company. The company is one of the leading drilling contractors on the Norwegian continental shelf, and it also has extensive operations on the British continental shelf. Odfjell Drilling has 35 years’ experience of international drilling operations. Since 1973, the company has carried out drilling operations in the North Sea and in most parts of the world. The company currently has contracts for 23 fixed and mobile units in the North Sea. The company’s new build programme includes two ultra-deepwater drilling rigs and two ultra-deepwater drillships. The drilling rigs Deepsea Atlantic and Deepsea Stavanger are scheduled for delivery from DSME in South Korea in 2009 and 2010, respectively. The drillships will be delivered by Hyundai Heavy Industries (HHI) in the second and fourth quarters of 2011.
Odfjell Drilling currently consists of four business units: Mobile Offshore Drilling Units, Platform Drilling, Odfjell Drilling Technology, Odfjell Well Services ows.no
The company is present in Stavanger, Bergen, Stjørdal, UK (Aberdeen), Denmark, the Netherlands, Saudi Arabia, the United Arab Emirates (Dubai, Abu Dhabi), the Philippines and South Korea.
History
The company was established in 1969 when Odfjell took orders of three drilling rigs delivered from Aker. In 1973 the company was formerly established as Odfjell Drilling & Consulting Company AS. In 1974 the first rigs were delivered, and started service for Conoco and Saga Petroleum. The first production drilling contract was awarded by Statoil on the Statfjord oil field in 1979. In 1984 Odfjell Drilling started with operation on the British sector with a semisubmersible rig for Hamilton Brothers Oil & Gas. Since the mid-1990s Odfjell has made a strategic decision to concentrate on the North Sea market, resulting in the acquire of Norwegian Drilling Management and the creation of the joint venture Deutag Norge Drilling with Deutsche Tiefbohr. In 1996 the subsidiary company Deepsea was listed on the Oslo Stock Exchange, but liquidated a year later after the platform was bought by Marine Drilling in 1997. In 2004 the public listed company Odfjell Invest was created to order and operate further rigs.
[1] The company was listed on the Oslo Stock Exchange and registered on Bermuda, and is controlled by the Odfjell family. [2]
References
