The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Mining / Quarrying Mining And Quarrying Mining Support Service Activities 09.1 - Support activities for petroleum and natural gas extraction
2,430 jobs Number of planned job creations
Announcement Date
9 February 2007
Employment effect (start)
1 January 2007
Foreseen end date
31 December 2009
Description
The Norwegian oil drilling group of companies, Seadrill, has its headquarter outside Stavanger. The group currently employs 5,095 people, half of them in Norway. The group owns 35 drilling units - rigs, ships and jack-up rigs - 14 of which are currently being built. The group has activities in 14 countries and four continents and is the 6th largest drilling company in the world in market value.
The group has recently experienced large growth and it is likely to become the world leader after the aquisition of Smedvig. The company announced on 9 February 2007 that it is expecting to increase its global workforce to 7,500 by the end of 2009. The number will increase especially in 2008 when the new rigs are finished. About 1/3 will be Norwegians, the rest mainly locals in the countries where the drilling acitivity is.
Sources
9 February 2007: Stavanger Aftenblad
Citation
Eurofound (2007), Seadrill, Business expansion in World, factsheet number 64949, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64949.
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