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North Atlantic Drilling Limited (OTCPK:NATDF) is a name that is undoubtedly familiar to long-time investors in Seadrill (SDRL) or to those that follow the financial activities of billionaire shipping magnate John Fredriksen. North Atlantic Drilling was formed via a 2011 carve-out of six harsh-environment drilling rigs from parent company Seadrill and since that time has acquired a further two drilling rigs and took over the management of one of Seadrill's rigs. The company effectively operates as Seadrill's harsh-environment drilling arm and this uniquely positions the company for growth due to the rapidly growing demand for harsh-environment offshore drilling rigs.

Drilling offshore in hostile environments such as the Arctic and the North Sea is an activity that...

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