Operator and leaser of barge drilling rigs
Coastal Drilling operates barge drilling rigs in the shallow, inland waters of the Gulf of Mexico. Coastal’s rigs drill oil and gas wells on behalf of customers, including McMoRan and Meridian. Coastal currently operates three drilling rigs and is beginning operation of a fourth. Pamlico initially invested in Coastal in 2005 and exited the business in 2014.