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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Services > Chiles Offshore Inc.

Chiles Offshore Inc.
AMEX: COD
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 PROFILE
Founded to oversee the construction of specialist oil rigs in 1997, Chiles Offshore is now fully grown. In the Gulf of Mexico, the company operates three ultra-premium jack-up rigs, which are equipped with powerful mud pumps. Ultra-premium rigs can drill deeper and are faster and more reliable than conventional jack-ups. Chiles Offshore owns two of these rigs and operates a third under a bareboat charter arrangement. It is building a fourth rig in Singapore and has plans for a fifth as part of its strategy to serve the market niche between traditional jack-up rigs and more expensive rigs made for harsh environments. Offshore oil and gas services company SEACOR SMIT owns 27% of Chiles Offshore.

 COMPETITION
Global Marine Inc. (GLM)
Pride International, Inc. (PDE)
Transocean Sedco Forex Inc. (RIG)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 56.00
1-Yr. Sales Growth: 632.0%
Employees: 270
Revenue per employee: $207,407.41

 KEY PEOPLE
• William Chiles
    CEO
• Dick Fagerstal
    CFO

 CONTACT INFO
11200 Richmond Ave., Ste. 490
Houston, TX 77082
US
Phone: 713-339-3777
Fax: 713-339-3888
Online: Web Site

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