Sinvest is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 oil drilling

Oil platform

An oil platform, also referred to as an offshore platform or, somewhat incorrectly, oil rig, is a lаrge structure with facilities to drill wells, to extract and process oil and natural gas, and to temporarily store product until it can be brought to shore for refining and marketing...

 investment company, with headquarters in Kristiansand

Kristiansand

-History:As indicated by archeological findings in the city, the Kristiansand area has been settled at least since 400 AD. A royal farm is known to have been situated on Oddernes as early as 800, and the first church was built around 1040...

. The company is a long-term financial and strategic investor in oil resources and offshore companies and has been listed on the Oslo Stock Exchange

Oslo Stock Exchange

The Oslo Stock Exchange serves as the main market for trading in the shares of Norwegian companies. It opens at 9:00am and closes 5:30pm local time...

 since 2001.

Major investments include the subsidiary

Subsidiary

A subsidiary company, subsidiary, or daughter company is a company that is completely or partly owned and wholly controlled by another company that owns more than half of the subsidiary's stock. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a...

 Deep Drilling Invest that has eight drilling rig

Oil platform

An oil platform, also referred to as an offshore platform or, somewhat incorrectly, oil rig, is a lаrge structure with facilities to drill wells, to extract and process oil and natural gas, and to temporarily store product until it can be brought to shore for refining and marketing...

s under construction and Beta Drilling that operates one rig. In addition Sinvest has a partial ownership of Petrojack

Petrojack

Petrojack is a Norwegian offshore drilling rig operator. The company has two jackup rigs under order from Jurong Shipyard in Singapore, while it sold its two former rigs Petrojack I and Petrojack III to Maersk Drilling. The company was founded in 2004 and listed on the Oslo Stock Exchange the next...

 (20%), Premium Drilling (with Awilco Offshore

Awilco Offshore

Awilco Offshore was a Norwegian drilling rig owner. In 2008 the company operated five jackup rigs and two semi-submersible accommodation rigs, with several others on order. Awilco was founded in 2005, headquartered in Oslo and was listed on the Oslo Stock Exchange. Operation of its rigs was done by...

) and Venture Drilling (50%).