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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
Global Marine merged with Santa Fe International Corporation during 2001 to become GlobalSantaFe Corporation, which merged with Transocean in November 2007 and operated the vessel as GSF Explorer. [citation needed] In 2010, Transocean bought the vessel for a US$15 million ($20 million in 2023) in cash. [19]
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 ...
In 2000, Transocean acquired R&B Falcon Corporation, owner of 115 drilling rigs, in a deal valued at $17.7 billion. With the acquisition, Transocean gained control of what at the time was the world's largest offshore operation. Among R&B Falcon's assets was the Deepwater Horizon. [13] R&B Falcon had acquired Cliffs Drilling Company in 1998. [14]
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