Smedvig
 | |
| Company type | Public |
|---|---|
| Industry | Petroleum |
| Founded | 1915 |
| Headquarters | Stavanger, Norway |
Key people | Kjell E. Jacobsen (CEO) John Fredriksen (Chairman) |
| Products | Offshore drilling rigs |
| Revenue |  NOK 4,219 million (2005) |
| NOK 1,272 million (2005) | |
| NOK 364 million (2005) | |
Number of employees | 3,750 (2006) |
| Website | www.smedvig.com |
Smedvig ASA, ("Smedvig"), (
British sector of the North Sea. A fleet of seven tender rigs were operated in South East Asia from the Singaporean subsidiary Smedvig Asia. As part of the merger, Smedvig's staff was transferred to Seadrill with Smedvig senior personnel assuming key positions in Seadrill (CEO, CFO etc.). Smedvig was delisted from the OSE and NYSE, while Seadrill is listed on the Oslo Stock Exchange
.
[1]
History
Smedvig started in 1915 as the
shipping company Peder Smedvig Shipping Company by Peder Smedvig. Between 1917 and 1959 Smedvig was also in the canning industry. In the 1960s the company entered the oil age with investments in supply ships, oil tankers and in 1973 the first drilling rig. The company acquired multiple rigs throughout the 1970s and 1980s and in 1988 it bought the competitor Dyvi Offshore
.
In 1989 the company was reorganised as a
floating oil production
.
In January 2006, Seadrill won a bidding war against U.S. drilling rig company Noble Corporation, and subsequently acquired Smedvig ASA for an equity value of NOK 15 bn (US$2.4 bn). The purchase was Fredriksen's largest deal to date.
References
- ^ Rolf Bryhn. "Smedvig ASA". Store norske leksikon. Retrieved August 1, 2017.
