GlobalSantaFe Corporation
From Wikipedia, the free encyclopedia
| GlobalSantaFe Corporation | |
 |
|
| Type | Public |
|---|---|
| Founded | 2001 |
| Headquarters | Houston, Texas |
| Key people | Jon A. Marshall (CEO) |
| Industry | Oil Equipment & Services |
| Products | Drilling Oil and Gas Exploration |
| Revenue | $2,263.5 million (2005) |
| Operating income | $464.4 million (2005) |
| Net income | 423.4 |
| Employees | 5,700 (2005) |
| Website | www.globalsantafe.com |
GlobalSantaFe Corporation (NYSE:GSF ) is an offshore oil and gas drilling contractor, owning or operating a fleet of 61 marine drilling rigs. With its principal executive offices in Houston, Texas, GlobalSantaFe is one of the largest international drilling contractors, providing offshore drilling services to the world's leading oil and gas companies.
Contents |
[edit] Overview
GlobalSantaFe is the successor to two companies, Global Marine Inc. and Santa Fe International Corporation, which merged in November 2001. Both companies share a common history of providing quality drilling services dating back to the Union Oil Company of California in 1946. As of February 28, 2006, the Company's fleet included 45 cantilevered jack-up rigs, 11 semi-submersible rigs, three Drillships and two additional Semi-submersible Platforms it operates for third parties under a joint venture agreement.
[edit] Products and Services
It provides offshore oil and gas contract drilling services to the oil and gas industry worldwide on a daily rate basis. It also provides 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 participates in oil and gas exploration and production activities.
GlobalSantaFe provides a range of offshore drilling services to domestic and international oil and gas companies. The company's primary business is 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 are currently 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.[1]
[edit] Notes
- ^ GlobalSantaFe Corp. Annual Report 2005
