Seadrill Names Dibowitz CEO
stage. Once the world's most valuable rig firm, Seadrill's business was hard hit when oil companies sharply cut investments and exploration in the wake of a 2014 crash in oil prices. Anton Dibowitz, current chief commercial officer, will take the top job from July 1, succeeding Per Wullf who will remain a board director, the company said. Dibowitz, a U.S. citizen, joined the company 10 years ago. Seadrill, once the crown jewel in billionaire shipping tycoon John Fredriksen's empire, is now in "advanced discussions" with lenders and investors on how to restructure
Seadrill Reports Robust 4Q 2014 Results
for the new contract is US$4 million. · Seadrill secures a new contract for the jack-up unit West Mischief. The total revenue potential for the new contract is approximately US$112 million. Commenting today, Per Wullf, CEO and President of Seadrill Management Ltd., said, "Together with the rest of the industry, we are facing challenging times. Seadrill operates in a market that is, and will continue to be cyclical. We have taken prudent and positive action during 2014, and will continue to do so in 2015
Seadrill Secures Mexico Rig Contracts, Forms SeaMex J/V
units working for Pemex as well as to develop and pursue further opportunities in Mexico and other Latin American countries. The gross proceeds for the sale of 50% of the five rigs to this partner is expected to be around US$488 million and will result in a gain recordable in the first half of 2014. Per Wullf, Seadrill CEO commented, "This opportunity to expand our relationship with Pemex was partly developed on the back of Seadrill's successful operations with our ultra-deepwater semi-submersible West Pegasus in Mexico." He added: "The long term nature of these contracts and the establishm
Seadrill Appoint David Sneddon Chief Accounting Officer
Seadrill Management Limited. Mr Sneddon joined Seadrill effective December 1, 2013 as Senior Vice President and Chief Accounting Officer. Prior to Seadrill he held several senior positions in Novelis Inc., most recently as VP Finance in Europe, and prior to that held various positions in Alcan. Per Wullf, CEO of Seadrill said, "Thanks to Robert for his contribution to Seadrill over the last two years. We look forward to his continued relationship with us in his new role with the Fredriksen Group. At this stage of Seadrill's evolution, we need an outstanding finance leader to continue to drive
Seadrill Ultra-deepwater Newbuilding Contracted to Chevron
drillship currently under construction for Seadrill at Samsung Heavy Industries shipyard in Geoje, South Korea, with expected delivery in September 2013. The rig will be outfitted to work in up to 10,000' of water and is capable of water depths up to 12,000' and drilling depths up to 37,000'. Per Wullf, CEO and President of Seadrill Management Ltd. comments, "The multi jurisdiction contract for West Tellus demonstrates our willingness and ability to contract opportunistically and strategically when it is justified. The initial contract on West Tellus allows us to expand a long standing relationsh
Seadrill Appoint Per Wulff New CEO
Per Wullf will succeed Fredrik Halvorsen (leaving to join technology venture Ubon Partners) as Chief Executive Officer of Seadrill Management Limited. Wullf has worked for Seadrill since February 2009 as Executive Vice President and Chief Operating Officer. Prior to Seadrill, he held several senior positions in Maersk, most recently as Managing Director of Maersk Contractors in Norway. He has 33 years of experience in the drilling industry, including 17 years in international and offshore operations. John Fredriksen, Chairman of the Board of Directors said, "The Board would like to
February 2024
