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DIAMOND OFFSHORE, (DO) Stock Research Free Stock Rating
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Diamond Offshore Drilling, Inc., through its wholly owned subsidiaries, provides contract-drilling services for offshore oil and gas wells worldwide. It mainly concentrates on offering deepwater drilling for the energy industry. The company provides offshore drilling services to a customer base that includes oil and gas companies, and government-owned oil companies. It operates in the deep water, harsh environment, conventional semi submersible, and the jack-up market. The company has a fleet of 45 offshore rigs, consisting of 30 semisubmersibles, 14 jack-ups, and 1 drillship. Diamond Offshore mainly operates in the United States, South America, Africa, Europe, Australia, and southeast Asia. The company was incorporated in Delaware in April 1989 and is headquartered in Houston, Texas. Diamond Offshore Drilling, Inc. is 54.2% owned by Loews Corporation, as of February 23, 2004.
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