GlobalSantaFe Corporation
Former offshore drilling contractor headquartered in Houston, Texas
From Wikipedia, the free encyclopedia
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.[2]
 | |
| 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] | |
History
The company was formed in 2001 by the merger of Global Marine and Santa Fe International Corporation.[3]
In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War.[4][5]
In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million.[6][7]
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.[8]
In June 2006, the company contracted with Saudi Aramco for 4 of its jackup rigs.[9]
In November 2007, the company merged with Transocean.[2]