Presentation

Standard Drilling was founded in 2010 and was listed in 2011 on Oslo Axess (Euronext Expand). The initial operations were within the jack-up segment and aimed to capitalize on the strong market for premium jack-up rigs as the global rig fleet was aging. The company successfully sold several of its rigs ahead of delivery and divested the last jack-up in 2013, marking an end to Standard Drilling’s rig ownership.

In 2016, the company entered the PSV segment with the acquisition of large and medium PSVs, both fully owned and through JVs. Further investments in the supply sector were made the following years, but multiple vessels have been sold in the recent years.

As of Q2’21, with the sale of Standard Olympus finalized, the fully-owned supply fleet consists of three large-size PSV. In addition, Standard Drilling secured a 33% ownership in a one-year-old, DSME-built VLCC (Gustavia S) earlier this year. The company has laid out its new investment strategy, centered on liquid investments within shipping, energy, renewables, commodities and offshore. Consequently, the company is less committed to its former “cycle play” investment approach. Nevertheless, it seeks to maintain high performance within PSVs and VLCCs.