The Gulf of Mexico has long presented a unique and challenging environment for those who seek to extract oil from its many untapped reserves. Over the last 20 years, one company has done more to facilitate extraction of difficult-to-reach Gulf oil than any other company. Nabors Industries, under the leadership of its star CEO, Tony Petrello, has been a leader in the development of oil rig technology specifically designed for the challenging Gulf of Mexico oil plays.
One of the problems that companies evolved in the extraction of oil from the Gulf of Mexico have long faced is incredibly turbulent waters and unpredictable weather patterns. These include frequent hurricanes as well as waves that often reach in excess of 20 ft. Not only that, but, due to the shallow depth of the Gulf of Mexico relative to other offshore drilling locations, the wave frequencies tend to be much shorter than those encountered in the open ocean, such as in the Atlantic or Pacific.
Nabors Industries has developed a number of rigs to combat the situation. One of these is the Modular Offshore Dynamic Series, a free-floating drilling platform that is able to withstand intense waves, wind and chop while continuing to efficiently drill wells into the sea bed. This system has been a groundbreaking development in offshore drilling, with the ability to drill up to 20 wells at the same time and the capability to continue throughout all types of weather.
Another development that Nabors Industries has been responsible for introducing to the Gulf oil industry is the Sundowner oil rig. This oil platform is capable of being set up and taken down within 24 hours, the fastest such time, by far, for any offshore drilling system in the following: http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WKHy57YrKRs click here.
These are just two of the many innovations that Nabors Industries has successfully introduced under the watch of Tony Petrello.