Pacific Drilling S.A. (NYSE:PACD) is a young offshore drilling company focusing exclusively on the ultra-deepwater environment. The company owns and operates a fleet of eight ultra-deepwater drillships, four of which are still under construction. Due to these rigs under construction, Pacific Drilling has some of the greatest growth potential of any offshore drilling company. Additionally, Pacific Drilling's rigs are among the most modern and technically-sophisticated drilling rigs in the world. This allows the company to command premium dayrates for its rigs and thus achieve high profit margins.
As previously mentioned, Pacific Drilling has a fleet of eight ultra-deepwater drillships.
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Source: Pacific Drilling
The Pacific Bora is the oldest drillship in Pacific Drilling's fleet - it...
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