Please read Case 11(C-147) part 4, case studies "Pacific Drilling: The Preferred Offshore Driller" andanswer the following questions:

• Summary of the case as introduction
• Why offshore drilling?
• Offshore drilling typically used three types, what are the three types of offshore drilling?
• What was the reason for the fall of the company's stock in 2014? Was the fall of the company's stock related to the movement of Global Oil prices?
• Was collaboration with Chevron a wise move for the company?
• What were the challenges:
• Competition in the market including the supply of shale oil,
• Technological challenges, and
• Dealing with fluctuations in the international oil prices