Offshore deep-water drilling company Seadrill has leased the 10,500 sq ft fifth floor at One Mann Island in Liverpool for its new global service centre.
Seadrill is relocating its service centre from Dubai and will transfer a small number of jobs, with new posts created in Liverpool.
The space is sublet by MerseyTravel, which took a lease at more than £2m a year for the entire 140,000 sq ft building in January 2009 but only occupied around 110,000 sq ft. The building is owned by German pension fund Commerz Real Investmentgessellschaft.
The Seadrill office is due to open in the first quarter of 2015 and become fully operational in the summer of 2015.
Seadrill owns and operates 53 offshore drilling rigs, with 16 more in construction, and employs over 10,000 people representing over 75 nationalities working across five continents. It provides services to the oil and gas sector on a global scale.
Per Wullf, chief executive and president of Seadrill, said: "Owing to the global nature of our business, it was important that we positioned our service centre in a location within the GMT time zone. This allows us to work in Asia with the morning; Africa, the Middle East and Europe at lunch time; and the Americas in the afternoon.
"Liverpool and the North West of England has excellent national and international transport links and a large talent pool to draw from. Add to these factors the city's rich maritime heritage which has made it famous around the world, Liverpool adds up as the perfect location for us."
CBRE is the agent at One Mann Island. GVA acted on behalf of Seadrill.