the company sold 38 shallow water rigs and narrowed its focus on high-specification deepwater rigs. Archived from the original on Retrieved 29 September 2015. 35 On, US President Barack Obama commented, "I did not appreciate what I considered to be a ridiculous spectacle executives of BP and Transocean and Halliburton the firm responsible for cementing the well falling over each other to point the finger of blame at somebody. Chlumberger History: 1980s Schlumberger History: 1960s "Transocean Sedco Forex Signs Definitive Agreement To Acquire R B Falcon Corporation" (Press release). Ten years later it expanded its range of operations to southeast Asia, where it drilled its first deepwater well. Archived from the original on 27 February 2012. CDT UTC5 in US waters of Mississippi Canyon 252 in the Gulf of Mexico. As the price of oil plunged in the mid-1980s, reaching a level below 10 by 1986, oil companies canceled drilling programs or negotiated much lower day rates for offshore rigs. With a market capitalization of more than 9 billion by mid-March 2000, Transocean Sedco Forex was an independent powerhouse among offshore drilling contractors and the fourth largest oilfield service company. Both Schlumberger and Transocean would receive five seats on the board, while Schlumberger's vice-chairman would serve as the chairman of the company and Transocean's Talbert would become president and CEO. Louisiana Governor Bobby Jindal declared a state of emergency on 29 April, as the oil slick grew and headed toward the most important and most sensitive wetlands in North America, threatening to destroy wildlife and the livelihood of thousands of fishermen.
Is the world's largest offshore drilling contractor with more than 160 fully or partially owned or operated mobile offshore drilling units, inland drilling barges and other assets utilized in the support of offshore drilling activities worldwide. Among R B Falcon's assets was the Deepwater Horizon. Although the company offers inland drilling barges and shallow water drilling rigs, Transocean is especially active in the deepwater and harsh environment drilling segment, offering semisubmersible rigs as well as massive drillships that have drilled to record depths in the range of 10,000 feet. 13 In 2007, the company merged with GlobalSantaFe Corporation in a transaction that created a company with an enterprise value of 53 billion. Archived from the original on Retrieved (subscription required) Murchie, Kay. Due to some setbacks partly caused by accident and weather, it would be more than a year late in becoming serviceable and see its price tag grow from 270 million to more than 430 million. Although management's first priority was to pay down debt, there was every reason to believe that the company would continue to snap up desirable firms in an effort to grow even larger. "Transocean to Donate Safety Bonus Awards After Criticism". Damage included an oil slick (oil floating on the ocean surface) covering an area of approximately 80 km2 and growing.
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