An international offshore contract drilling services to the oil and gas industry with a current operating fleet of 45 drilling rigs, including 43 jackup rigs, one ultra-deepwater semisubmersible rig and one barge rig.
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Totally oversold in reaction to the Gulf oil spill. ESV is well diversified throughout the globe, with a solid balance sheet and great plan for renewing equipment on a regular basis. The world will need oil for a while.