GlobalSantaFe Corporation
 | |
| Industry | Petroleum industry |
|---|---|
| Founded | November 20, 2001 |
| Defunct | November 27, 2007 |
| Fate | Acquired by Transocean |
| Headquarters | Houston, Texas |
Key people | Jon A. Marshall, CEO Michael R. Dawson, CFO |
| Services | Offshore drilling |
| Revenue |  $3.312 billion (2006) |
| $1.006 billion (2006) | |
| Total assets |  $6.220 billion (2006) |
| Total equity | $4.847 billion (2006) |
| Footnotes / references [1] | |
GlobalSantaFe Corporation was an offshore drilling contractor headquartered in Houston, Texas. It owned 59 marine drilling rigs.[1] In November 2007, the company was acquired by Transocean.
History[edit]
The company was formed in 2001 by the merger of Global Marine and Santa Fe International Corporation.[2]
In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War.[3][4]
In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million.[5][6]
In August 2004, one of the company's rigs sank in the Mediterranean Sea about 25 miles offshore Egypt after a fire broke out on the rig.[7]
In June 2006, the company contracted with Saudi Aramco for 4 of its jackup rigs.[8]
In November 2007, the company was acquired by Transocean.[9]
References[edit]
- ^ a b "GlobalSantaFe Corporation 2006 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
- ^ "Global Marine, Santa Fe International complete merger". American City Business Journals. November 20, 2001.
- ^ "GlobalSantaFe to suspend drilling operations in Kuwait". Oil & Gas Journal. March 14, 2003.
- ^ "GlobalSantaFe to halt Kuwait drilling operations". American City Business Journals. March 14, 2003.
- ^ "GlobalSantaFe and Precision Drilling Corporation Closes Sale of Land Drilling Business" (PDF) (Press release). May 21, 2004.
- ^ "Precision Drilling buying overseas rig operations for $316.5M US". CBC. April 2, 2004.
- ^ "GlobalSantaFe rig sinks offshore Egypt". American City Business Journals. August 10, 2004.
- ^ Crane, Mary (June 1, 2006). "GlobalSantaFe, Saudi Aramco Sign Drilling Deal". Forbes.
- ^ "Transocean Announces Closing of Merger with GlobalSantaFe" (Press release). Transocean. November 27, 2007.