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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Services > Smedvig asa

Smedvig asa
NYSE: SMV
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 PROFILE
Smedvig is smitten by a love of offshore drilling. The drilling contractor serves oil exploration companies in the North Sea and Southeast Asian markets. It operates four semisubmersibles, a jack-up rig, and a drillship in the North Sea and eight tender rigs offshore in Southeast Asia. The firm offers engineering, design, and operational support to oil producers on a contract basis, and it is engaged in drilling, maintenance, and well abandonment activities on nine fixed oil platforms in the North Sea's Norwegian sector. The founding Smedvig family owns 30% of the company.

 COMPETITION
Global Marine Inc. (GLM)
Noble Drilling Corporation (NE)
Transocean Sedco Forex Inc. (RIG)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 405.00
1-Yr. Sales Growth: 6.0%
Employees: 2,991
Revenue per employee: $135,406.22

 KEY PEOPLE
• Christian Bull Eriksson
    CEO
• Ole Gladhaug
    CFO

 CONTACT INFO
Finnestadveien 28
N-4001 Stavanger, Norway
Phone: 47-51-50-99-00
Fax: 47-51-50-96-88
Online: Web Site

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