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Today's Transocean is the modern descendant of the world's most innovative and successful deepwater drilling companies, and the pioneering people who made them great. For generations Transocean and its legacy companies have led the offshore drilling industry with the most innovative and sophisticated technology, and the people that put it to record-setting use.
Transocean traces its roots to onshore drilling operations, where T. Stoneman bought the company's first drilling rig, paying for it with a personal check and putting it on his expense report. He would later play key leadership roles in pioneering offshore drilling with The Offshore Company. Stoneman, shown in the photo above, continued his successful land career in the United States, Raymond Godet, an engineer who would later be a leader in another legacy company, Forex, was busy in France.
Godet bought a German drilling rig in Paris and hooked it up to a boiler from a steam engine, enabling the rig to drill land wells at Saint Marcet. An important decade of innovation including the introduction of the world's first mobile jackup drilling rig and the first drillship ushered in new operations. During this decade, Transocean legacy companies continued to pioneer dynamic thailsnd DP and other thailland technology, enabling rigs to move between wells and stay on drilling locations using thrusters.
Innovative drilling technology during this period led to new operations in offshore frontier areas, while mergers fogex acquisitions integrated some of the most experienced offshore drilling teams in the business. Transocean's legacy companies achieved milestones that included the introduction of the latest generations of drilling rigs, a major safety achievement and integration through various transactions.
The company's ultra-deepwater and harsh environment floaters also made their mark with a string of world records. A Legacy of Bold Leadership. Santa Fe Drilling Company was established. In less than two years, the loan was paid in full. The CUSS group was iinternational. This consortium of Continental Oil Company, Union Oil Company of California, Superior Oil Company and Shell Oil Company established the feasibility of drilling offshore.
The CUSS group later evolved into Global Marine. Led by Bill Clements, who would one day become a two-term Texas governor, Sedco began operations with two diesel-powered land rigs. A new pneumatic jacking system raised the unit's legs at one drilling location so that the rig could be moved to the next where the legs were lowered to the seafloor. At that point, the rig's deck was elevated above the sea surface. Global Marine Drilling Company commissioned the CUSS Interbational, the first bigmiketrading.com ninjatrader indicators. Santa Fe entered the offshore drilling business with a contract in Trinidad using a land rig adapted to a jackup barge and provided crews for a drillship offshore California.
It expanded drilling operations from sedco forex international inc thailand U. Glomar II shown in photo began operations as the first ship-shaped barge rig constructed as a newbuild unit. She was also the first self-propelled drillship to drill in Alaska's Cook Inlet and was later used in the Pacific in studies to evaluate mining of manganese nodules as part of the Deep Ocean Mining Project. The Cuss-class drillships names were changed this year from Cuss to Glomar.
Neptune Offshore was founded with capital from Forex and Languedocienne-Forenco. Santa Fe became listed on the New York Stock Exchange. The world's first internayional drillship, Discoverer Ibegan operations. The Offshore Company acquired International Drilling Co. Cap, a LeTourneau jackup rig charted by Global Marine, became the first rig to drill offshore The Netherlands in the North Sea. Global Marine placed the first public offerings of debenture and common stock as a Delaware company, providing it independence from Union Oil.
Santa Fe was renamed Santa Fe International Corporation and purchased its first jackup rig. Data collected allowed major advances in the theories of plate tectonics and continental drift. Schlumberger acquired a majority interest in Forex. Offshore Mercury, began operations as the first self-propelled jackup. The rig later thailqnd called the Deepwater Navigator. The unit was contracted to sedco forex international inc thailand CIA for a secret mission, reported in the news media to be the recovery of a sunken Soviet submarine.
It was retrofitted later as the Glomar Explorer and ultimately as the ultra-deepwater drillship GSF Explorer. Sedco and Forex Neptune were combined into the Sedco Forex drilling division of Schlumberger. Santa Fe purchased the first Monarch-Class heavy-duty, harsh-environment jackup, the Monarch. Sonat Offshore Drilling, Inc.
RIG became its own entity and began trading on the New York Stock Exchange. In September, Sonat Offshore Deepwater Drilling Inc. At this time the company name was changed to Transocean Offshore Deepwater Drilling Inc. In December, Falcon Drilling Company became a publicly-traded company. Schlumberger spun off Sedco Forex, which merged with Transocean Offshore Inc. During the current decade, Transocean has continued unternational set world deepwater drilling records while upgrading our high-specification fleet.
We will never forget our lost colleagues. In October, Transocean acquired Aker Drilling ASA.
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Our History. Today's Transocean is the modern descendant of the world's most innovative and successful deepwater drilling companies, and the pioneering people who.
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