Rig Company ASA is a Norway-based provider of onshore services to the
oil and gas industry. The Company invests in, owns, leases and operates
onshore rigs, as well as engaging in other related activities. It
seven wholly owned subsidiaries that are active in the oil sector. The
Company’s subsidiaries include Global Rig Active AS, Global Rig Active
2 AS, Global Rig Active 3 AS, Global Rig Active 4 AS, Global Rig Active
5 AS and Global Rig Active 6 AS, all of which are based in Norway, and
NorAm Drilling Company, located in Houston, the United States. The
companies own the rigs and lease them to the American company, which in
turn performs all drilling operations in the Global Rig Company Group.
The Company’s customers are operators with a need to drill one or more
oil or gas wells. The length of contracts varies from single-well
to one- to two-year term contracts.