In the early 1960s, Brewster-Bartle, an onshore drilling company, filed . In 1964, Don McMahon acquired Brewster-Bartle from its bank creditors and formed Diamond M Drilling Company, named after Diamond. .
In 1989, Diamond's predecessor bought 6 drilling rigs from the predecessor of Kaneb Management. Some of Kaneb's employees continued to work for Diamond after the transaction and then sued Diamond for personal inj.
[pdf] HRG Group, Inc., formerly Harbinger Group Inc. and Zapata Corporation, was a based in , having originated from an company started by a group including future U.S. president. .
The company traced its origins to Zapata Petroleum Corporation, founded in 1953 by future U.S. President , along with his business partners John Overbey, , , and Thomas J.. .
Zapata sought to acquire a controlling interest in the in 1969, but was outbid by 's AMK Corp. Robert Gow's father, Ralph Gow, was on United Fruit's board of directors. In the 1970. .
By 1994, the company had come under Glazer's control, after a . Glazer became chairman of Zapata, replacing Ronald Lassiter, and in 1995 , son of Malcolm, was named CEO and president o.
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These platforms can take the form of either floating semisubmersible platforms or drill ships. The basic idea behind their design is that, once the well has been drilled, much of the production equipment can be mounted on the seafloor and the petroleum pumped to the surface facilities through flexible risers.. .
This platform is essentially a king-sized version of the Sea Star platform, except the tension legs extend from the ocean floor to the platform itself. It experiences more horizontal motion and a certain degree of vertical motion, but it allows oil companies to drill at. .
Finally, if you absolutely need to drill a hole at a depth of 10,000 feet (3,048 meters), then the spar platform is the oil rig for you. With this design, the drilling platform sits atop a giant, hollow cylindrical hull. The other end of the cylinder descends around. .
This approach takes the idea of mounting the wellhead on the seafloor and applies it to even greater depths — 7,000 feet (2,134 meters) or more. Once the well has been drilled by a. .
Deep-sea waters reach nearly freezing temperatures, contain pressures great enough to crack iron casings and are subject to rough, deep-sea currents. Engineers have to design equipment that can stand up to the pressure, while also preventing boiling oil.
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