Eastern Drilling Overview

  • Year Founded
  • 2004

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • 2ndary - Private

  • Financing Rounds
  • 6

Eastern Drilling General Information

Description

Owner of offshore rigs in Norway. The company owns and manages rigs, shipping parts, and offshore vessels. It has construction contracts with Samsung Heavy Industries to construct two semi-submersible drilling rigs, West E-drill and West Eminence, in South Korea. The company was founded in 2004 as Eastern Drilling AS and changed its name to Eastern Drilling ASA in 2005.

Contact Information

Website
www.easterndrilling.no
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • Vesterled 15
  • 4876 Grimstad
  • Norway
+47 48
Primary Industry
Oil and Gas Equipment
Acquirer
Seadrill
Vertical(s)
Oil & Gas
Corporate Office
  • Vesterled 15
  • 4876 Grimstad
  • Norway
+47 48

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Eastern Drilling Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Eastern Drilling Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Eastern Drilling FAQs

  • When was Eastern Drilling founded?

    Eastern Drilling was founded in 2004.

  • Where is Eastern Drilling headquartered?

    Eastern Drilling is headquartered in Grimstad, Norway.

  • What industry is Eastern Drilling in?

    Eastern Drilling’s primary industry is Oil and Gas Equipment.

  • Is Eastern Drilling a private or public company?

    Eastern Drilling is a Private company.

  • What is the current valuation of Eastern Drilling?

    The current valuation of Eastern Drilling is .

  • What is Eastern Drilling’s current revenue?

    The current revenue for Eastern Drilling is .

  • How much funding has Eastern Drilling raised over time?

    Eastern Drilling has raised $487M.

  • Who are Eastern Drilling’s investors?

    Lime Rock Partners and Smedvig have invested in Eastern Drilling.

  • When was Eastern Drilling acquired?

    Eastern Drilling was acquired on 08-May-2007.

  • Who acquired Eastern Drilling?

    Eastern Drilling was acquired by Seadrill.

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