Diamond Offshore Drilling (OTCMKTS:DOFSQ) is an offshore drilling contractor that provides contract drilling services primarily to the energy industry. The company owns and operates a modern fleet of semisubmersibles and dynamically positioned drillships designed to perform drilling operations in deepwater and ultra-deepwater environments. These rigs are equipped with advanced drilling, completion and workover systems to support exploration and production of oil and natural gas reserves.
The company’s core business activities include well construction, completions, routine maintenance and upgrades, and well abandonment services. Diamond Offshore’s fleet features harsh-environment semisubmersibles capable of operating in ice-prone waters, as well as high-specification drillships built for water depths in excess of 10,000 feet. Its technical teams oversee project planning, operational execution and risk management, ensuring compliance with regulatory requirements and industry best practices.
Diamond Offshore serves a geographically diverse set of markets, with operations historically concentrated in the U.S. Gulf of Mexico, the North Sea, and select regions of Asia-Pacific and West Africa. The company’s clients include national oil companies, international supermajors and independent exploration and production firms. By leveraging strategic alliances and local partnerships, Diamond Offshore adapts its service offerings to regional regulations and reservoir characteristics.
Founded in 1965 and publicly traded for many years, Diamond Offshore underwent a financial restructuring under Chapter 11 in 2020 and emerged in mid-2021 with a renewed balance sheet. The company is led by a senior management team with deep industry experience, including Francisco A. Salgado as Chief Executive Officer and Jonas T. Hackley as Chief Financial Officer. Under this leadership, Diamond Offshore has focused on fleet modernization, operational efficiency and strengthening its position in the global offshore drilling market.
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