Eastern Drilling Explained

Eastern Drilling ASA
Fate:Acquired by Seadrill
Location:Grimstad, Norway
Key People:Arve Andersson, CEO
Industry:Petroleum industry
Services:Offshore drilling

Eastern Drilling was an offshore drilling contractor headquartered in Grimstad, Norway. In May 2007, Seadrill acquired the company.[1]

History

The company was founded in 2004.

In 2005, Smedvig acquired a 10% stake in the company.[2]

In November 2006, the company signed a $558 million contract for use of its to-be-constructed drilling rig by Total S.A. The rig was being constructed by Samsung Heavy Industries.[3]

In May 2007, Seadrill acquired the company.[4]

Notes and References

  1. Web site: Seadrill Buys Eastern Drilling Shares. www.rigzone.com. en. 2020-01-23.
  2. News: Smedvig buys 10% stake in Eastern Drilling . Bente . Bjørndal . Sysla . April 15, 2005.
  3. News: Eastern Drilling Firms Up West E-drill Contract . RigZone . November 16, 2006.
  4. News: Seadrill Now Controls Nearly All Eastern Shares, Votes . RigZone . May 21, 2007.