Oil exploration depends on cost effective drilling and nobody does this more safely and reliably than Seadrill , a company that is leveraging the power of partnership to deliver a sustainable future for this vital industry

Seadrill is a relatively new company in a well-established industry . Founded in 2005 by the Norwegian-born oil tanker owner John Fredriksen and listed in Oslo and New York , it has grown very rapidly by acquisition to become one of the leading resources for global O & G companies , with 68 offshore drilling rigs . The company ’ s strategy is to maintain the youngest and most modern rigs , tailor made for its clients ’ operations working in both harsh and benign environments , from tender and jack-up rigs for shallower waters to semi submersibles and drillships for deep and ultra-deep water work . Its operations are controlled from six regional offices round the world and supported by 2 technical centres based in Dubai and Houston . There ’ s no avoiding the fact that with hydrocarbon prices at rock bottom , these are difficult times for upstream operators . Oil prices may take years to return to the previous levels but this is a cyclical business as pointed out recently by Per Wulff , CEO of Seadrill : “ The upturn will come ; it ’ s just a matter of when . We have the youngest fleet of all the major offshore drilling companies and this , coupled with best in class operation and a sustainable cost structure , will stand us in good stead for the future .”