Seadrill (NYSE:SDRL) Ltd. (NYSE: SDRL) is a leading offshore drilling contractor that specializes in deepwater, ultra-deepwater and harsh-environment drilling services. Founded in 2005 by industry entrepreneur John Fredriksen, the company rapidly grew through strategic mergers and fleet expansions to become one of the world’s largest offshore drilling operators. Headquartered in Hamilton, Bermuda, Seadrill maintains a modern fleet of drillships, semi-submersible rigs and jack-up units designed to meet the complex needs of oil and gas producers across multiple offshore basins.
The company’s core offerings encompass the full spectrum of offshore drilling solutions, including contract drilling and integrated project management. Seadrill’s fleet is equipped to operate in water depths ranging from shelf environments to some of the deepest offshore fields, with advanced dynamic-positioning systems and high-capacity drilling equipment. Seadrill also provides well services and marine operations support, leveraging global maintenance and logistics hubs to ensure operational efficiency and safety compliance in regions such as the Gulf of Mexico, North Sea, West Africa, Brazil, the Middle East and Southeast Asia.
Seadrill emerged from a comprehensive restructuring process in 2017–2018, strengthening its balance sheet and positioning the company for long-term growth. Under the leadership of President and CEO Stuart Jackson, the firm has focused on optimizing fleet utilization, enhancing operational performance and pursuing selective contract awards with major energy companies. Jackson, a veteran of the offshore drilling industry, has steered Seadrill through volatile market cycles by emphasizing asset integrity, cost discipline and strategic partnerships.
Looking ahead, Seadrill continues to invest in technological innovation and sustainability, exploring digital solutions to improve drilling efficiency and reduce environmental impact. By aligning its operational capabilities with evolving industry standards and customer needs, the company aims to sustain its competitive edge in the global offshore drilling market and support the energy transition through reliable, safe and efficient exploration services.
