all of them doper..
On July 13, 1999, Schlumberger Ltd. announced that it had agreed to merge the offshore drilling operation, Sedco Forex, with Transocean Offshore, to create the world's largest offshore drilling company.
Oil, produced off the American coast, is sold on the international market at the prevailing rate for that quality of crude oil. Its buyer may be anyone.Considering that the Islamic Republic of Iran has no oil refining capability of its own... American Gulf of Mexico oil, once refined, may in fact be going to Iranian gas tanks, since oil in fungible.That then begs the question. How indeed, does Drill Baby Drill benefit America?The only direct benefits are those Americans employed directly and indirectly by the drilling and production activities. Additionally, the US Treasury receives royalties for oil extracted leases issued. The American owned oil companies drilling offshore pay little or no federal taxes. This past year, Exxon got a refund.The Deepwater Horizon that was built in 2001 in South Korea by Hyundai Heavy Industries, she was commissioned by R&B Falcon (which later became part of TransOcean), registered in Majuro, Marshall Islands, and leased to BP plc until 2013. ...is owned by TransOcean.TransOcean employs over 25,000 people worldwide, and has a fleet of 139 offshore drilling units and three ultra-deepwater units under construction as of April 2010. The company is based in Vernier, Switzerland, near Geneva, and it has offices in 20 countries, including major offices in Switzerland, United States, Norway, Scotland, Brazil, Indonesia and Malaysia. TransOcean positions itself as a powerful company doing the impossible based on its motto, "We're never out of our depth". The firm's website is, "deepwater.com" to emphasize its deepwater expertise, and that it owns nearly half of the 50 or so deepwater platforms in the world. It pays no US taxes.
The company man on an offshore drilling rig has the responsibility to supervise the execution of the approved drilling program, including all revisions made by drilling engineers. He is the top representative of the oil company which has hired or contracted other companies to drill the well. In the case of the BP oil spill, BP contracted Transocean for the rig and drilling of the well. BP contracted Halliburton to cement in the well. Each of these contractor companies keep the company man informed of what they are doing, and if they have problems, the company man must be informed and has final approval authority. In BP's case, and generally in most drilling operations, there is a morning meeting between the rig and the land based office, where the days activities are discussed. In BP's case, if the company man asks one of the contracting companies to do something not agreed upon or considered unsafe, the contracting company can refuse. The company man has many administrative activities, including compliance to all legal and safety regulations. In this regard, he works very closely with the Offshore Installation Manager, who is the drilling contractor's top manager. Finally, there are two company men onboard an offshore rig at all times, one for the day shift and one for the evening shift.
Primary responsibility is BP as they are the operator of the drilling operations. All decisions by Transocean are at the direction of the operator.
There are a few ways one could apply for a job with the Transocean company. Perhaps the most common method of applying for a job with Transocean is through their website.
Many laws and regulations govern where wells can be drilled. Offshore blocks are are under the control of the national government. They identify the offshore blocks which have potential for oil exploration. A company or group of companies can lease a block for a period of time. Typically, a drilling permit is required in which the Operator (holding a lease on a block) will have to demonstrate that the drilling is within the rules and laws of the country to gain approval. A company can be held liable for environmental damage, so oil companies are highly motivated to drill wells only where they receive permission.
At the offshore drilling company I work for, AD's are now making between 90k and 100k a year
Transocean is under contract for BP.
Caspian Drilling Company was created in 1996.
The symbol for Vantage Drilling Company in the AMEX is: VTG.
The symbol for Parker Drilling Company in the NYSE is: PKD.
Dryships is a dry goods shipping company. They carry items such as coal and iron ore, grain, fertilizers, minerals, bauxite, alumina, and cement. Dryships also owns Ocean Rigs UDW Inc., an offshore drilling company.