Etesco´s activities in the drilling services area for petroleum and gas started in 1980.

Presently, Etesco manages and operates 2 DP drillships, P1 and Aban Abraham with water depth capacity of 1600m and 2000m, respectively.

In the end of 2011, a third drillship, the last generation Ultra Deep Water EtescoVIII Drillship with water depth capacity of 3000m will be delivered by Samsung. By Q2012, Etesco will be operating 3 drillships with approximately 500 crewmembers, including Floatel crew.