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 2006, Frigstad Offshore was appointed as project manager for Mosvold Jackup Limited during construction of the first two jack-up rigs to be built ever in the Middle East. Frigstad Offshore provided a full yard site team and management support for the new-build project. Mosvold Jackup Limited was sold to the Nigeria based company Seawolf Oilfield Services Ltd in July 2007, giving initial investors a substantial profit.
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 is currently under construction in 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 will continue to be the project manager moving forward, until completion of the rig.
Frigstad Offshore works closely with Frigstad Engineering to provide operational expertise in development of advanced offshore rig designs with extreme performance and cost efficiency.