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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]
The Diamond Offshore story is somewhat less complex. A subsidiary of Loews , Houston-based Diamond operates 44 offshore rigs, including 32 semi-submersibles, seven jackups, and five dynamically ...
Global Marine, a drilling contractor which merged with Santa Fe International Corporation to form GlobalSantaFe Corporation. Now part of Transocean. Glomar Challenger, the drillship used for the Deep Sea Drilling Project; Glomar Explorer, a large salvage vessel built by the CIA
The Carpinteria Offshore Oil Field is an oil and gas field in Santa Barbara Channel, south of the city of Carpinteria in southern California in the United States. Discovered in 1964, and reaching peak production in 1969, it has produced over 106 million barrels of oil in its lifetime, and retains approximately 2 million barrels in reserve recoverable with present technology, according to the ...
When offshore drilling moved into deeper waters of up to 30 metres (98 ft), fixed platform rigs were built, until demands for drilling equipment was needed in the 100 feet (30 m) to 120 metres (390 ft) depth of the Gulf of Mexico, the first jack-up rigs began appearing from specialized offshore drilling contractors. [11]
Offshore drilling began in California in 1896, when operators in the Summerland Oil Field in Santa Barbara County followed the field into the ocean by drilling from piers built out over the ocean. Leasing California state seabed is controlled by the State Lands Commission, which halted further leasing of state offshore tracts after the Santa ...
Companies drill for oil or natural gas for one reason -- profits. But drilling on land and drilling offshore provide two different return-on-value calculations and time horizons.
GSF Development Driller II is a fifth generation, Vanuatu-flagged dynamic positioning semi-submersible ultra-deepwater drilling rig owned and operated by Transocean.The vessel is capable of drilling in water depths up to 7,500 ft (2,300 m) with drilling depth of 35,000 ft (11,000 m), upgradeable to 37,500 ft (11,400 m).
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