Tender-assist offshore drilling is a niche market dominated by Malaysia’s Sapura Drilling, and its chief executive Raphael Siri is excited about the potential for further geographic diversification and fleet expansion.

The tender-assist drilling market does not receive as much attention as the jack-up drilling sector, but Siri does not mind having a low profile.

“We are the biggest tender-assist drilling company in the world — we have more than half the worldwide assets, and a lot more than half the worldwide contracts.