New subsidiary

Seadrill Limited, Hamilton, Bermuda, have created a new drilling company focusing entirely on harsh environment operations.

To achieve that Seadrill will spin off its operations in the North Atlantic Basin into a new subsidiary, the North Atlantic Drilling Limited (NADL), by transferring a fleet of six existing harsh environment units to NADL. The fleet will consist of the following drilling units: "West Phoenix", "West Venture", "West Alpha", "West Navigator", "West Epsilon" and "West Elara".

The objective is to develop an owner and operator of arctic and harsh environment drilling units. NADL will have some 1,000 employees.

Article Editorial staff Ship&Offshore
Article Editorial staff Ship&Offshore