“Pacific Drilling: The Preferred Offshore Driller”
Read Case 11(C-147) part 4, case studies “Pacific Drilling: The Preferred Offshore Driller” and write a 4 to 6 page APA formatted paper..
Please provide at least three (3) peer-reviewed resources in support of your arguments.
Write a summary of the case as introduction of your paper
Why offshore drilling?
Offshore drilling typically used three types, what are the three types of offshore drilling?
What was the reason for the fall of the company’s stock in 2014? Was the fall of the company’s stock related to the movement of Global Oil prices?
Was collaboration with Chevron a wise move for the company?
What were the challenges:
Competition in the market including the supply of shale oil,
Technological challenges, and
Dealing with fluctuations in the international oil prices
“Pacific Drilling: The Preferred Offshore Driller”
Founded in 2006, Pacific Drilling was a fast-growing offshore drilling company. From the beginning, the company`s chief executive officer was determined to create a unique drilling company by focusing exclusively on ultra-deep water drilling and technological innovation. By the end of 2014, the company had more than 1,600 employees and was generating USD1 billion in annual revenues. During 2010 financial crisis, along with other industries globally, the oil drilling industries also had to face a challenging time. The company faced several challenges, such as being overly reliant on one key customer (Chevron) and the high costs of differentiation.
