Marine Drilling Companies Inc. - MDCO- Profile

Marine Drilling Companies Incorporated. The Company provides contract oil and gas offshore drilling services to both major and independent oil and gas companies. The Company owns and operates a fleet of seventeen offshore drilling rigs consisting of five independent leg jack-up units, five of which have a cantilever feature, and two semi-submersible units. Additionally, the company owns one independent leg jack-up rig configured as an accommodation unit. Currently, fifteen of the Company's rigs are located in the U.S. Gulf of Mexico, and three remaining rigs are in Southeast Asia, the North Sea and Western Australia. Jack-up operations accounted for 56% of 2000 revenues and semi operations 44%.