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The company was formed in 2001 by the merger of Global Marine and Santa Fe International Corporation. [2] In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War. [3] [4] In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million. [5] [6]
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
In 2011, the company acquired Aker Drilling, which owned 4 harsh environment rigs used for drilling near Norway. [20] In 2012, the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. [21] In 2013, the company was added to the S&P 500 index. [22]
Jan. 6—Santa Fe, a destination city about an hour's drive from two national laboratories, has been at the cutting edge of scientific solutions for decades — and it could do more to advance ...
The ship was built as Hughes Glomar Explorer in 1971 and 1972 by Sun Shipbuilding & Drydock Company for more than US$350 million (about $1.7 billion in 2023) at the direction of Howard Hughes for use by his company, Global Marine Development Inc. [5] It began operation on 20 June 1974.
Caspian Drilling Company is an international drilling company based in Baku, Azerbaijan. It was founded by State Oil Company of Azerbaijan Republic (SOCAR) and Santa Fe Inc. of US to conduct drilling services for many PSA agreements in Azerbaijan. SOCAR controlled 55% while Santa Fe held the remaining 45% of the stake.