Seadrill Limited operates as an offshore drilling contractor providing worldwide offshore drilling services to the oil and gas industry. As of March 20, 2015, the company had a fleet of 39 offshore drilling units consisting of 12 semi-submersible rigs, 8 drillships and 19 jack-up rigs in operation and contracts for the construction of 15 offshore drilling units. The company’s primary business is the ownership and operation of drillships, semi-submersible rigs and jack-up rigs for operations in shallow-, mid-, deep-, and ultra deep-water areas. North Atlantic Drilling Limited (NADL), the company’s majority owned subsidiary, is a Bermuda company formed in 2011 that focuses entirely on harsh environment offshore drilling operations. As of December 31, 2014, the company owned approximately 70.4% of NADL’s shares. Sevan Drilling ASA (Sevan), a controlled subsidiary, is a Norwegian company that focuses on owning and operating drilling units and specializing in the ultra deepwater segment. The company owns 50.11% of Sevan. Seadrill Partners LLC (Seadrill Partners) is a Marshall Islands Limited Liability Company that focuses on owning and operating offshore drilling rigs under long term contracts with major oil companies. As of December 31, 2014, the company owned 46.6% of Seadrill Partners. Asia Offshore Drilling (AOD), a controlled subsidiary, is a company incorporated in Bermuda that owns and operates three high specification jack up drilling rigs. As of December 31, 2014, the company owned 66.2% of the outstanding shares in AOD. The company owns 39.9% interest in Archer Limited (Archer), a global oilfield service company that specializes in drilling and well services; 8.2% interest in SapuraKencana Petroleum Bhd, an integrated oil and gas services and solutions provider; and 50% interest in Seabras Sapura Participacoes SA and Sapura Holdco Ltd. (collectively, Seabras Sapura), a group of related companies that construct, own and operate pipe-laying service vessels in Brazil. Strategy The key elements of the company’s strategy include continuing to provide excellent service to its customers; and growing through newbuildings, targeted alliances, mergers and acquisitions. Segments The company’s segments include Floaters and Jack-ups. Floaters: This segment offers services encompassing drilling, completion and maintenance of offshore exploration and production wells. The drilling contracts relate to semi-submersible rigs and drillships for harsh and benign environments in mid-, deep- and ultra-deep waters. Jack-ups: This segment offers services encompassing drilling, completion and maintenance of offshore exploration and production wells. The drilling contracts relate to jack-up rigs for operations in harsh and benign environments. Customers The company’s customers are oil and gas exploration and production companies, including major integrated oil companies, independent oil and gas producers and government-owned oil and gas companies. The company’s customers include Petroleo Brasileiro S.A.; Total S.A. Group; Statoil ASA; Exxon Mobil Corp; and Petróleos Mexicanos. History Seadrill Limited was founded in 2005. The company was incorporated in Bermuda under the Companies Act in 2005.
seadrill ltd (SDRL:Oslo)
14 Par-la-Ville Road
Hamilton, HM 08
Phone: 441 295 6935
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