Pacific Drilling S.A. and its subsidiaries operate as an international offshore drilling contractor. The company provides deepwater drilling services. The company is a subsidiary of Noble Corporation.
The company owns and operates the only deepwater fleet comprised solely of sixth and seventh generation high-specification drillships. The company generally considers high-specification requirements to include non-harsh environment drillships delivered in or after 2005 and capable of drilling in w...
Pacific Drilling S.A. and its subsidiaries operate as an international offshore drilling contractor. The company provides deepwater drilling services. The company is a subsidiary of Noble Corporation.
The company owns and operates the only deepwater fleet comprised solely of sixth and seventh generation high-specification drillships. The company generally considers high-specification requirements to include non-harsh environment drillships delivered in or after 2005 and capable of drilling in water depths of 10,000 feet or more.
The company is party to a Nigerian joint venture, Pacific International Drilling West Africa Limited (PIDWAL), with Derotech Offshore Services Limited (Derotech), a privately-held Nigerian registered limited liability company. Derotech owns 51% of PIDWAL and the company owns 49% of PIDWAL. Each of, Pacific Bora Ltd. (PBL) and Pacific Scirocco Ltd. (PSL), which own the Pacific Bora and the Pacific Scirocco, respectively, are owned 49.9% by the company’s wholly-owned subsidiary, Pacific Drilling Limited (PDL) and 50.1% by Pacific Drillship Nigeria Limited (PDNL). PDNL is owned 0.1% by PDL and 99.9% by PIDWAL.
In October 2020 (the ‘Petition Date’), the company and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code (the ‘Bankruptcy Code’) in the United States Bankruptcy Court for the Southern District of Texas (the ‘Bankruptcy Court’) and commenced insolvency proceedings in the Cayman Islands whereby the company initiated the pre-presentation process for the company’s wholly-owned, Cayman Island subsidiary, Pacific Drilling Company Limited, in the Grand Court of the Cayman Islands Financial Services Division. In November 2020, the Bankruptcy Court approved the joint administration of the Chapter 11 proceedings under the caption In re Pacific Drilling S.A., et al., Case No. 20-35212 (DRJ).
History
Pacific Drilling S.A. was founded in 2006. The company was incorporated in 2011.