Smedvig

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. 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. Tanker mogul John Fredriksen is the major stake holder in SeaDrill. Seadrill is listed on the Oslo Stock Exchange.