Pacific Drilling SA

Pacific Drilling SA

Pacific Drilling SA

Overview
Date Founded

2011

Headquarters

8-10, Avenue de la Gare,Luxembourg 1610

Type of Company

Public

Employees (Worldwide)

763

Industries

Oil & Gas
Industrial Machinery & Manufacturing
Engineering, Construction & Architecture
Power & Utilities

Company Description

Pacific Drilling S.A. is a growing offshore drilling company that provides global ultra-deepwater drilling services to the oil and natural gas industry through the use of high-specification drillships. Our corporate offices are located in Houston, Texas with operations offices in Brazil, Nigeria, Singapore and South Korea. Since we were founded in 2006, Pacific Drilling has grown into a successful, premium drilling contractor with over 1,000 employees and contracts with the highest quality clients in the industry. We have one of the newest and most technologically advanced fleets in the world. Our vessels are all state-of-the-art, high specification units, which benefit from a proven design and highly developed construction techniques. In 2008, we initiated construction of our first four drillships at Samsung Heavy Industries (SHI) and established a management team of highly-experienced, respected and dedicated industry professionals. As construction progressed, we implemented industry-leading management systems and prepared to take delivery of our first rig, the Pacific Bora, in October 2010. We signed two drilling contracts with major international oil companies, including a five year contract for the Pacific Santa Ana to commercialize dual gradient drilling for Chevron. We secured $1.8 billion in financing, which won Marine Money’s “Export Credit Deal of the Year” award for 2010. In 2011, our progress continued to accelerate. We took delivery of 3 additional rigs and contracted with SHI for the construction of two additional drillships for delivery during 2013. We secured two more drilling contracts with world-class international oil companies, Total and Petrobras. In March, we closed a $600 million private placement in the Norwegian over-the-counter (OTC) market. On November 11, 2011, we closed our initial public offering of shares of common stock and listed our shares on the New York Stock Exchange under the symbol “PACD.” In the first quarter of 2012, we closed a $300 million unsecured bond offering and ordered our seventh drillship from SHI for delivery in May 2014. In June, we signed our third drilling contract with Chevron. In November, we closed a $500 million secured bond offering and signed an additional drilling contract with Chevron. In January 2013, we ordered our eighth drillship from SHI for delivery in March 2015. Throughout our development, Pacific Drilling has remained dedicated to becoming the preferred ultra-deepwater drilling contractor. We are committed to customer service and operating with the utmost integrity and focus on safety. We will continue to combine the strength of a large, well capitalized enterprise with the agility and flexibility of a small solution provider to the benefit of our customers, suppliers, employees and the communities in which we operate.

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Executives & Employees

Chief Executive Officer

Senior Vice President of Operations

Senior Vice President, General Counsel & Secretary

Senior Vice President & Chief Accounting Officer

Senior Vice President Commercial

Vice President & CIO

General Manager

Vice Chairman

Senior Vice President Operations

Senior Vice President-Corporate Services & Media Contact

Board of Directors

Former Chief Executive Officer at Rowan Cos., Inc.

Former Group Head, Debt Capital Markets-High Yield & Leverage Finance at Credit Agricole Securities (USA), Inc.

Vice Chair at Target Hunger

Senior Adviser, Infrastructure Team at Apollo Global Management, Inc.

Chief Executive Officer at Pacific Drilling SA

Vice President at Avenue Capital Group LLC

Member, Board of Directors at Pacific Drilling SA

Former Senior Vice President, Marketing & Contracts at Noble Corp. Plc

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Recent Transactions
Details Hidden

Diamond Offshore Drilling, Inc. purchases Pacific Drilling SA

Details Hidden

Pacific Drilling SA issued USD Common Stock

Details Hidden

Pacific Drilling SA raised money in a private placement transaction

Transaction Advisors
Underwriter

Advised onPacific Drilling SA issued USD Common Stock

Underwriter

Advised onPacific Drilling SA issued USD Common Stock

Underwriter

Advised onPacific Drilling SA issued USD Common Stock

Advisors & Consultants
Advisor

Chief Financial Officer at Forum US, Inc.

Legal Advisor

Co-Head, M&A Practice Group at Vinson & Elkins LLP

Advisor

Partner at Vinson & Elkins LLP

Clients

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

The Company, headquartered in El Dorado, Arkansas, was originally incorporated in Louisiana in 1950 as Murphy Corporation. It was reincorporated in Delaware in 1964, at which time it adopted the name Murphy Oil Corporation. But, the Company's roots go back to a lumber and banking business in South Arkansas and, more directly, to 1907, when the first oil production was established in the Caddo Field in North Louisiana. Thereafter, oil and gas were important phases of the business. Until the mid 1930's however, oil and gas remained subordinate to timber operations and banking. Today, Murphy Oil Corporation is a worldwide oil and gas exploration and production company with marketing operations in the United States and the United Kingdom, including a refinery in Milford Haven, Wales. The Company's farm, timber and real estate subsidiary was spun-off to shareholders in 1996 and is now known as Deltic Timber Corporation. Business activities are conducted by wholly-owned subsidiaries while Murphy Oil Corporation acts as a holding company. Murphy Exploration & Production Company, (Murphy EXPRO) is engaged worldwide in crude oil and natural gas exploration and production. Murphy EXPRO is headquartered in Houston, Texas. Murphy Oil USA, Inc., (MOUSA) is engaged in marketing and transportation of petroleum products in the United States. It is headquartered in El Dorado at Murphy's corporate offices. A division of MOUSA, Murphy USA Marketing Co., operates retail gasoline stations under the Murphy USA® brand across 23 states in the U.S. These are high-volume, low-cost retail gasoline stations, primarily in the parking areas of Wal-Mart Supercenters. The first Murphy USA station was opened in December 1996. MOUSA also operates a network of 7 terminals. These terminals, along with numerous third-party terminals, provide fuel supply to our retail network and wholesale customers throughout 23 states. Murphy Oil Company, Ltd., (MOCL) is engaged in crude oil and natural gas exploration and production and the extraction and sale of synthetic crude oil. MOCL's headquarters are located in Calgary, Alberta, Canada. Murphy Eastern Oil Company, (MEOC) provides technical and professional services to certain of Murphy Oil Corporation's subsidiaries engaged in crude oil and natural gas exploration and production in the Eastern Hemisphere, and refining, marketing and transporting of petroleum products in the United Kingdom primarily under the MURCO® brand. The Company owns a 130,000 barrel-a-day refinery in the Milford Haven, Wales. MEOC is headquartered in St. Albans, Hertfordshire, England. Murphy Sarawak Oil Co.Ltd., Murphy Sabah Oil Co. Ltd., Murphy Peninsular Malaysia Oil Co. Ltd. In 1999, Murphy opened an office in Kuala Lumpur to oversee its E&P activities in Malaysia. Strategic investments in Malaysia are done through these subsidiaries

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway; Exploration and Production International; Marketing, Midstream, and Processing; and Other. The Exploration and Production Norway segment includes the commercial development of oil and gas portfolios on the Norwegian continental shelf. The Exploration and Production International segment covers offshore and onshore activities in the USA, Mexico, and other operations worldwide. The Marketing, Midstream, and Processing segment markets and trades of oil and gas commodities. The Other segment includes new energy solutions; global strategy and business development; technology; projects and drilling; and corporate staffs and services. The company was founded on September 18, 1972 and is headquartered in Stavanger, Norway.

Key Stats and Financials As of 2019
Market Capitalization
$2.67M
Total Enterprise Value
$1.1B
Earnings Per Share
$-7.42
TEVNet Income
-1.97x
Debt TEV
0.98x
Three Year Compounded Annual Growth Rate Of Revenue
-33.4%
Five Year Compounded Annual Growth Rate Of Revenue
-23.99%
Enterprise Value / Sales
4.77x
Total Equity
$1.07B
Total Debt
$1.07B
EBITDAMargin
-15.95%
EBITDA
$-36.7M
Net Profit
$-556M
Revenue
$230M
Suppliers
Sailpoint Technologies Holdings, Inc. Holding Companies | Austin, TX

SailPoint Technologies Holdings, Inc. engages in the provision of enterprise identity governance solutions. It operates through the following geographical segments: United States; EMAE or Europe, the Middle East, and Africa; and Rest of the World. It also offers licensing of software, sale of professional services, maintenance, and technical support. The company was founded on August 8, 2014 and is headquartered in Austin, TX.

Competitors
Oil States International, Inc. Oil & Gas - Houston, TX

Oil States International, Inc. is an oilfield services company with a leading market position as a manufacturer of products for deepwater production facilities and certain drilling equipment, as well as a provider of completion services and land drilling services to the oil and gas industry. Oil States is publicly traded on the NYSE under the symbol “OIS”.

Tidewater, Inc. Marine Shipping - New Orleans, LA

Tidewater created the “work boat” industry with its 1956 launch of the Ebb Tide, the world’s first offshore vessel tailor-made to support the offshore oil and gas industry. Today, with a fleet of more than 350 vessels, we’re the oldest, largest and most experienced provider of the marine support services for this vital industry. Tidewater has a global footprint, with over 90% of its fleet working internationally in more than 60 countries. Around the world, we stand ready to transport crews and supplies, tow and anchor mobile rigs, assist in offshore construction projects and perform a variety of specialized marine support services

Helmerich & Payne, Inc. Oil & Gas - Tulsa, OK

Helmerich & Payne, Inc. engages in contract drilling of oil and gas well. It operates through the following segments: U.S. Land, Offshore, International Land and Helmerich and Payne Technologies. The U.S. Land segment operates its drilling business primarily in Oklahoma, California, Texas, Wyoming, Colorado, Louisiana, Mississippi, Pennsylvania, Ohio, Utah, New Mexico, Montana, North Dakota, West Virginia and Nevada. The Offshore segment conducts its business in the Gulf of Mexico and Equatorial Guinea. The International Land segment operates in six international locations including Ecuador, Colombia, Argentina, Bahrain, United Arab Emirates, and Mozambique. The Helmerich and Payne Technologies segment focuses on developing, promoting and commercializing technologies designed to improve the efficiency and accuracy of drilling operations, as well as wellbore quality and placement. The company was founded by Walter Helmerich Hugo II and William Payne in 1920 and is headquartered in Tulsa, OK.

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