| GlobalSantaFe Corporation | |
|---|---|
| Type | Public |
| Founded | 2001 |
| Headquarters | Houston, Texas |
| Key people | Jon A. Year 2001 ( MMI) was a Common year starting on Monday according to the Gregorian calendar. Marshall (CEO) |
| Industry | Oil Equipment & Services |
| Products | Drilling Oil and Gas Exploration |
| Revenue | $2,263. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need Drilling is the process of using a Drill bit in a Drill to produce cylindrical holes in solid materials such as wood or metal In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 5 million (2005) |
| Operating income | $464. In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses 4 million (2005) |
| Net income | 423. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 4 |
| Employees | ~6,000 (2007) |
| Website | www.deepwater.com |
GlobalSantaFe Corporation, which traded on the NYSE as GSF was an offshore oil and gas drilling contractor, which owned or operating a fleet of 59 marine drilling rigs. Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. An oil is a substance that is in a viscous Liquid state ( "oily") at ambient temperatures or slightly warmer and is This page is about the physical properties of gas as a state of matter A general contractor is a group or individual that Contracts with another organization or individual (the owner for the Construction or Renovation Marine is an Umbrella term. As an adjective it is usually applicable to things relating to the Sea or Ocean, such as Marine biology, Marine With its principal executive offices in Houston, Texas, GlobalSantaFe was one of the largest international drilling contractors, providing offshore drilling services to the world's leading oil and gas companies.
On 23 July 2007, a merger between GlobalSantaFe and larger rival Transocean was announced. Transocean Inc is the world's largest offshore drilling contractor [1] The merger was completed on 27 November 2007. The combined company will be known as Transocean. [2]
Contents |
Overview
GlobalSantaFe was the successor to two companies, Global Marine Inc. and Santa Fe International Corporation, which merged in November 2001. Both companies shared a common history of providing quality drilling services dating back to the Union Oil Company of California in 1946. Union Oil Company of California dba Unocal is a defunct company that was a major petroleum explorer and marketer in the late 19th century through the 20th century and into the early Year 1946 ( MCMXLVI) was a Common year starting on Tuesday (link will display full 1946 calendar of the Gregorian calendar. As of June 18, 2007, the Company's fleet included 43 cantilevered jack-up rigs, 11 semi-submersible rigs, three Drillships and two additional Semi-submersible Platforms it operated for third parties under a joint venture agreement. A jack-up rig is a type of mobile offshore oil and gas drilling platform that is able to stand still on the sea floor, resting on a number of supporting legs A drillship is a maritime vessel that has been fitted with drilling apparatus A Semi-submersible platform or rig, is a mobile structure used for drilling for Oil and Natural gas in offshore environments A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together
Products and Services
GlobalSantaFe provided offshore oil and gas contract drilling services to the oil and gas industry worldwide on a daily rate basis. It also provided oil and gas drilling management services on either a day rate or completed-project, fixed-price basis, as well as drilling engineering and drilling project management services, and it also participated in oil and gas exploration and production activities.
GlobalSantaFe provided a range of offshore drilling services to domestic and international oil and gas companies. The company's primary business was providing fully-manned mobile drilling rigs to drill offshore. Known as contract drilling, this segment prices its services on a per-day basis, is capital intensive, fixed cost and highly cyclical. All of the company's rigs were designed for international operations and were deployed in most of the significant offshore rig markets in the world, including the U.S. Gulf of Mexico, West Africa, the North Sea, South America, the Middle East/Mediterranean and South East Asia. The United States of America —commonly referred to as the The Gulf of Mexico ( Spanish: Golfo de México) is the ninth largest Body of water in the world West Africa or Western Africa is the Westernmost Region of the African Continent. The North Sea is a marginal, Epeiric sea of the Atlantic Ocean on the European Continental shelf. South America is a Continent of the Americas, situated entirely in the Western Hemisphere and mostly in the Southern Hemisphere, with a The Middle East is a Subcontinent with no clear boundaries often used as a synonym to Near East, in opposition to Far East. [3]
Notes
- ^ Transocean and GlobalSantaFe to Merge - Mergers, Acquisitions, Venture Capital, Hedge Funds - DealBook - New York Times
- ^ Transocean :: Press Release
- ^ GlobalSantaFe Corp. Annual Report 2005
External links
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