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The company announced several restructurings during those years and managed to stave off bankruptcy, but continued to incur major losses. In 1990 the oil drilling company proposed selling its entire fleet of offshore drilling rigs to focus solely on fishing. The company had not had a profitable quarter in more than five years.
The Lun-A (Lunskoye-A) platform, located off the north eastern coast of Sakhalin Island and is a concrete gravity base substructure (CGBS).. An oil platform (also called an oil rig, offshore platform, oil production platform, etc.) is a large structure with facilities to extract and process petroleum and natural gas that lie in rock formations beneath the seabed.
In 1954, the company launched Rig 51, the first mobile jackup rig, in the Gulf of Mexico. In 1967, the Offshore Company went public. In 1978, SNG turned it into a wholly owned subsidiary. In 1982, it was changed to Sonat Offshore Drilling Inc., reflecting a change in its parent's name. William C. O'Malley, an executive at Sonat's headquarters ...
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Offshore drilling for oil and gas on the Atlantic coast of the United States took place from 1947 to the early 1980s. Oil companies drilled five wells in Atlantic Florida state waters and 51 exploratory wells on federal leases on the outer continental shelf of the Atlantic coast. None of the wells were completed as producing wells.
Drilling down into the offshore drilling segment of the oil and gas industry. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us ...
Oil companies drilled six tests offshore Washington (three in state waters and three in federal waters) and seven tests in federal waters offshore Oregon. The OCS P-0130 well drilled offshore Oregon by Union Oil in 1966 was described as having "potential for commercial gas production", [ 17 ] but none of the wells were completed as producers ...
Grup Servicii Petroliere (GSP Offshore) is a Romanian company providing offshore integrated services for oil and gas industry. The company, established in 2004, is a member of UPETROM Group. Grup Servicii Petroliere (GSP Offshore) performs offshore integrated services for the oil and gas industry. GSP is a member of Upetrom Group, a private ...