In a recent article posted on Seeking Alpha, I stated that North Atlantic Drilling (NYSE:NADL) may be the best positioned offshore drilling company to take advantage of the impending growth in the Arctic drilling environment. This is because the company has the world's largest fleet of offshore drilling rigs which are capable of operating in the Arctic as well as being the only pure play on this offshore drilling region. In this article, I would like to discuss the company's opportunities in this emerging offshore environment in much greater depth.
As I mentioned in the introduction, North Atlantic Drilling has the largest fleet of harsh environment-capable drilling rigs in the world. This fleet consists of six harsh-environment jackups,...
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