Constellation Oil Services Holding S.A., a prominent offshore drilling company based in Brazil, has recently made a significant move by listing on Euronext Growth Oslo, marking the eighth listing on Euronext for the year. This listing also signifies the company’s debut on Euronext Oslo Børs. Constellation, known for its ownership and operation of seven offshore rigs, including six ultra-deepwater rigs, holds a substantial 22% share in the Brazilian offshore drilling market, establishing itself as the largest ultra-deepwater driller contractor in the country. The company, with its 1,800 employees, is incorporated under Luxembourg’s laws.

In a strategic development, Constellation underwent a recapitalization in December 2024, eliminating the need for additional capital raising during the listing process. The company’s market capitalization, approximately valued at NOK 8.1 billion with a reference price of NOK 5.34 before market opening, underscores investor confidence in Constellation’s operational efficiency, business model, and cash generation capabilities. Rodrigo Ribeiro, the CEO of Constellation, expressed the listing on Euronext Growth Oslo as a significant achievement that reflects the investors’ trust in the company’s financial stability and growth prospects, supported by a robust backlog of around $2.1 billion USD, ensuring both financial predictability and avenues for sustainable expansion.

The listing ceremony, which included the ringing of the bell by Rodrigo Ribeiro to mark Constellation Oil Services’ first day of trading on Euronext Growth Oslo, was celebrated with the presence of Øivind Amundsen, CEO of Euronext Oslo Børs. This move not only enhances Constellation’s visibility and market presence but also strengthens Euronext’s position as a premier platform for international listings. Constellation’s long-standing presence in the offshore drilling industry, especially in Brazil, coupled with its operational excellence and market share, positions it as a key player in the global ultra-deepwater drilling market.

Constellation Oil Services Holding S.A., with its rich history spanning 45 years, continues to be a dominant force in offshore drilling, particularly in Brazil, offering a comprehensive fleet of rigs and operational expertise. The company’s listing on Euronext Growth Oslo opens up new opportunities for growth and investment, aligning with its strategic vision and commitment to delivering value to stakeholders. This milestone not only underscores Constellation’s strong market position but also highlights Euronext’s appeal as a preferred platform for companies seeking international exposure and capital access.

In conclusion, Constellation Oil Services Holding S.A.’s listing on Euronext Growth Oslo marks a significant juncture in the company’s journey, reflecting its resilience, market leadership, and investor appeal. The move not only amplifies Constellation’s visibility but also underscores its commitment to sustainable growth and operational excellence in the offshore drilling sector.