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 semi-submersible 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 acquisition of Norwegian Drilling Management and the creation of the joint venture Deutag Norge Drilling with Deutsche Tiefbohr.
In 1996 the subsidiary company Deepsea ASA was listed on the Oslo Stock Exchange, but was delisted a year later after the acquisition by Marine Drilling Marine Drilling Companies (now part of Ensco plc). The main asset of the company was the bare-deck hull of the under-construction Deepsea Stavanger drilling rig. The company was renamed Marine Drilling ASA and the bare-deck hull was renamed and used for building MARINE 700 drilling rig.
In 2004 Odfjel and Odfjell Drilling created Odfjell Invest to order and operate further rigs. The company operates two semi-submersible rigs on behalf of Odfjell Drilling, with delivery in October 2008 and June 2010. The company is based in Hamilton, Bermuda. The company was listed at the Oslo Stock Exchange but was delisted in 2009.
Read more about this topic: Odfjell Invest
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