GlobalSantaFe Corporation was an
offshore drilling contractor headquartered in
Houston, Texas. It owned 59 marine drilling rigs.[1] In November 2007, the company was acquired by
Transocean.
History
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]
In August 2004, one of the company's rigs sank in the
Mediterranean Sea about 25 miles offshore
Egypt after a fire broke out on the rig.[7]