Fred Olsen Energy ASA is a global provider of exploration drilling services to the offshore oil and gas industry. In addition, the Group offers engineering, fabrication and repair services for offshore and transportation industries. The company operates in two segments: Offshore Drilling and Engineering and Fabrication. The Offshore Drilling segment provides services such as engineering, snubbing and remote control operated subsea vehicles. The Engineering and Fabrication segment designs and constructs drilling rigs, vessels and floating production systems.