The Group's principal activity is to provide offshore contract drilling services for oil and gas wells. As of 03-Feb-2009, the Group owned and operated 136 mobile offshore and drilling units, fleet consisting of 39 high-specification semisubmersibles and drillships floaters, 28 midwater floaters, 10 high-specification Jackups, 55 standard jackup and 4 other rigs. The Group provides the drilling rigs, related equipment and work crews to its customers primarily on a dayrate basis to drill offshore wells. The Group also provides services in technically demanding sectors of the offshore drilling business with particular focus on deepwater and harsh environment drilling services. The Group operates in the U.S. Gulf of Mexico, Trinidad, Canada, Brazil, North Europe, the Mediterranean and Middle East, the Caspian Sea, West Africa, India and Australia. In September 2008 It acquired Angola Deepwater Drilling Company Limited.
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