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]
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]
References
- GlobalSantaFe Corporation 2006 Form 10-K Annual Report U.S. Securities and Exchange Commission, retrieved 2018-12-07^
- Transocean and GlobalSantaFe's Slick Union Forbes, retrieved 2025-08-19^
- Global Marine, Santa Fe International complete merger American City Business Journals, November 20, 2001, retrieved December 7, 2018^
- GlobalSantaFe to suspend drilling operations in Kuwait Oil & Gas Journal, March 14, 2003, retrieved December 7, 2018^
- GlobalSantaFe to halt Kuwait drilling operations American City Business Journals, March 14, 2003, retrieved December 7, 2018^
- GlobalSantaFe and Precision Drilling Corporation Closes Sale of Land Drilling Business May 21, 2004, retrieved December 7, 2018^
- Precision Drilling buying overseas rig operations for $316.5M US CBC, April 2, 2004, retrieved December 7, 2018^
- GlobalSantaFe rig sinks offshore Egypt American City Business Journals, August 10, 2004^
- Mary Crane. GlobalSantaFe, Saudi Aramco Sign Drilling Deal Forbes, June 1, 2006, retrieved December 7, 2018^