The company was founded in 1966 in as Pride Oilwell Service Company. In 1978, the company was acquired by Dekalb Corporation. In August 1988, the company was spun out as a . In 1996, the company acquired Quitral-Co. Saic, the largest drilling contractor in , for $140 million. It also acquired Forasol-Foramer. It also sold its land based operations.
[pdf] An offshore rig company, also known as an offshore drilling business, is a specialized business that provides offshore oil and gas production services. These companies operate, manage, and maintain offshore drilling rigs, platforms, and associated equipment in oceans or seas.
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