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True Drilling history
True Drilling company history timeline
LeTourneau’s first jackup, Scorpion, was launched in 1955 from a Vicksburg shipyard on the Mississippi River.
However, near Santa Barbara, Calif., offshore drilling’s worst environmental disaster occurred in 1969 when an undersea well blew out.
Kermac No.16 would produce 1.4 million barrels of oil and 307 million cu. ft. of natural gas by 1984.
The Troll A natural gas platform, today operated by Statoil, in 1996 was not only “among the largest and most complex engineering projects in history,” it was “the largest object ever to be moved by man across the surface of the Earth.” Photo courtesy Amusing Planet.
You're looking at OpenBook, NAP.edu's online reading room since 1999.
“The LeTourneau Mobile Offshore Platform was basically a large, shallow-draft barge, equipped with three electromechanically operated lattice type legs,” explained a 2005 article in Drilling Conractor magazine.
On November 11, 2007, a mile and a half underwater, a petroleum company’s remote control submersible camera captured a rarely seen Magnapinna squid (Figure D.9). The brief video, obtained by National Geographic News, shows the alien-like squid loiter above the seafloor in the Gulf of Mexico.
In 2017, about 5,000 offshore oil and natural gas platforms operated in the Gulf around the clock — and creating the largest artificial reef system in the world.
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True Drilling competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Falcon Drilling | 2001 | $57.6M | 100 | 11 |
| Unit | 1963 | $545.5M | 788 | 17 |
| SST Energy | 1989 | $65.7M | 100 | - |
| Cyclone Drilling | 1975 | $600.0M | 600 | 3 |
| Golden State Drilling Inc | - | $14.2M | 50 | - |
| Alexander Drilling | - | $5.1M | 100 | - |
| Murfin Drilling | 1926 | $320.0M | 303 | - |
True Drilling history FAQs
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