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Smedvig information


Smedvig asa
Company typePublic
IndustryPetroleum
Founded1915
HeadquartersStavanger, Norway
Key people
Kjell E. Jacobsen (CEO)
John Fredriksen (Chairman)
ProductsOffshore drilling rigs
RevenueIncrease NOK 4,219 million (2005)
Operating income
NOK 1,272 million (2005)
Net income
NOK 364 million (2005)
Number of employees
3,750 (2006)
Websitewww.smedvig.com

Smedvig ASA, ("Smedvig"), (OSE: SME, NYSE: SMVA) was a Norwegian offshore oil rig company headquartered in Stavanger until it was acquired (January 2006) by rig newcomer SeaDrill of tanker mogul John Fredriksen. At time of the merger Smedvig operated two semi submersibles, one drillship and one jack up rig in the Norwegian and 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]

  1. ^ Rolf Bryhn. "Smedvig ASA". Store norske leksikon. Retrieved August 1, 2017.

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