Falcon Drilling History
Falcon Drilling Company History Timeline
With the acquisition of R&B Falcon, completed in January 2001, it grew even larger, becoming a $14 billion company.
After a 15-year career in the construction industry, Sam began working in safety in September, 2001.
2001 - Transocean Sedco Forex Inc. and R&B Falcon Corporation combined to form the world's largest offshore drilling contractor.
2001 - Discoverer Spirit – 7,209 feet of water, subsea completion record.
Established in 2001, Falcon Drilling, LLC is a Marcellus and Utica shale drilling contractor with an office in Carnegie, Pa. and satellite locations in the region.
2004 - Deepwater Nautilus – 8,951 feet, water depth, record for a moored rig.
In 2004 TODCO posted revenues of $351.4 million, a significant increase over the $227.7 million the prior year due to improved market conditions in the Gulf of Mexico.
Transocean steadily divested its interest in TODCO, selling the final shares by May 2005.
2005 - Deepwater Nautilus – 32,613 feet, true vertical depth, deepest offshore oil and gas well record.
In 2005 the company reactivated seven rigs, six of them located in the Gulf, as demand for shallow water drilling rigs continued to grow.
2006 - Deepwater Millennium – 9,000 feet of water, subsea completion record.
The company’s remaining deactivated rigs, six jackups and ten inland barges, were put into service in 2006 as revenues soared to $912.1 million and earnings more than tripled to $183.6 million.
2007 - Transocean and GlobalSantaFe merged as the world's largest offshore drilling contractor.
2009 - Deepwater Horizon – 35,050 feet, vertical depth record and 35,055 feet, measured depth, deepest offshore oil and gas well record.
2011 The Dhirubhai Deepwater KG2 set the world water-depth record at 10,194 feet of water (3,107 meters) while working for Reliance in India.
2012 Transocean announced plans to construct four, high-specification, ultra-deepwater drillships, backed by drilling contracts for the four rigs, each with a 10-year term.
He has been in leadership positions for over a decade, and has worked as an HSE Director in Drilling Services from July 2013 through the present.
2018 In May, Transocean Ltd. acquired Songa Offshore SE. The acquisition added seven floaters, four of which were high specification harsh environment.
2019 - In October, Transocean Ltd. successfully deployed the world's first hybrid energy storage system aboard a floating unit, the Transocean Spitsbergen.
"TODCO ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/todco
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| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| Latshawdrilling | 1981 | $450.0M | 1,100 | - |
| VANTAGE DRILLING | 2007 | $126.9M | 500 | - |
| Mull Drilling Co., Inc. | - | - | - | - |
| Cactus Drilling Co | 2002 | $120.0M | 65 | - |
| Patterson-UTI Energy | 1978 | $2.6B | 5,800 | 41 |
| C.C. FORBES LLC | 2003 | $26.0M | 50 | - |
| Precision Drilling | 1951 | $1.2B | 4,469 | 10 |
| Helmerich & Payne | 1920 | $2.1B | 9,777 | 25 |
| Nabors Drilling USA, LP | 1992 | $15.0M | 15,000 | - |
| Parker Drilling Co | 1934 | $480.8M | 2,670 | - |
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Falcon Drilling may also be known as or be related to Falcon Drilling, Falcon Drilling Company, LLC and Falcon Drilling Company, Llc.