Seadrill Ltd. history, profile and corporate video

     Seadrill Ltd. is an offshore drilling contractor providing offshore drilling services to the oil and gas industry. Its primarily business is the ownership and operation of jack-up rigs, tender rigs, semi-submersible rigs and drill ships for operations in shallow, mid and deepwater areas, and in benign and harsh environments. The company operates through its three business segments which include: Floaters, Jack-up Rigs and Tender Rigs. The Floaters segment offers drilling, completion and maintenance of offshore exploration and production wells services. The Drilling segment contracts relate to semi-submersible rigs and drill ships for harsh and benign environments in mid, deep and ultra-deep waters. The Jack-up Rigs segment offers drilling services, 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 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 regions. The company was founded on May 10, 2005 and is headquartered in Hamilton, Bermuda.

    “Seadrill History

    Seadrill was established in May 2005 by the Norwegian-born shipping tycoon John Fredriksen and listed on Oslo Stock Exchange in November the same year. By July 2005 it had acquired the drilling company Odfjell and by September 2006 it owned a controlling share of Smedvig and Eastern Drilling. The ownership in Smedvig was acquired in competition with Noble.

    On 31 May 2010 Seadrill made a bid to acquire all shares in Scorpion Offshore offering Nkr40.50 ($6.26) per share. Seadrill already owned about 40% of Scorpion Offshore.

    In 2011 Seadrill carved out six of its units and formed the company North Atlantic Drilling which operates in the North Atlantic Basin. It is a part of the Seadrill concern as it is 74% owned by the company.  In 2013 Seadrill acquired more than fifty percent (50%) of the outstanding shares in Sevan Drilling and stated in their announcement of the purchase that they would support Sevan Drilling.

    In September 2013, a financial company, Heirs Holdings made a “substantial” investment in Seadrill’s Nigerian unit.”

    *Information from and

    **Video published on YouTube by “Julye Newlin



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