Frigstad Offshore is a privately owned company established in Singapore in 1989 to provide management services for offshore drilling rigs.
As an international offshore drilling contractor, Frigstad Offshore has grown steadily and is today fully developed in all aspects of operating offshore oil drilling rigs and managing large rig new-build projects.
Frigstad Offshore has operated drill-ships, semi-submersible rigs, jack-up rigs and drilling barges on a world-wide basis, specializing on non-harsh environments.
Frigstad Offshore provides project management and supervision services during construction, conversion, upgrades and repairs of offshore drilling units. Frigstad Offshore has been an active player in the recent rig new-build boom, helping investors to gain returns on their assets by providing industrial expertise.
In March 2006, the investment company Frigstad Discoverer Invest was founded by the Frigstad Offshore group to own and construct a 6th generation ultra deepwater semi-submersible drilling rig with a total cost of around USD 600 million. The rig is based on the D90 design developed by Frigstad Engineering and the construction contract was signed with Yantai Raffles Shipyard in China. Frigstad Discoverer Invest was listed on the Oslo Stock Exchange in Norway in April 2007. The company was sold to Saipem in the 4th quarter of 2007. Frigstad Offshore was appointed as project manager during the construction prior to the sale of the company and continued as project manager until final delivery of the rig.
Frigstad Offshore works closely with Frigstad Engineering to provide operational expertise in development of advanced offshore rig designs with high performance and cost efficiency.