Nabors Industries Ltd is an S&P 500 company. The oil, geothermal and natural gas drilling corporation operates on land across America, Far East, the Middle East and Africa. In addition,
Nabors provides onshore well services in North America as well as rigs for offshore drilling rig servicing and oil platform work over. Nabors was founded in 1963.
Five years later, the company marked its milestone by drilling a well for ARCO, which became the famous Prudhoe Bay Field on the North Slope of Alaska. They set the blaze in the use of camps in drilling activity. Moreover, they established new ways of making crew changes while they stood out as pioneers in staffing women to their camps.
In 1974, Anglo Energy acquired Nabors. After ten years, the new owners were forced into bankruptcy owing to the economic crash and the depressed oil and gas energy market. Marty Whitman and Gene Isenberg acquired a stake of Nabors. They set the company on a growth trajectory by first changing the name Anglo to Nabors, a reputable brand in Alaska and Canada. In 1998, Nabors acquired Westburne Drilling, an international drilling company that operated in the Middle East. This new acquisition introduced Nabors to an era of expansion and acquisition that would last for more than 20 years. The entity acquired other corporations, including Venerable Loffland Brothers Drilling, Grace Drilling and the hydraulic slant-drilling rig from Canrig. This was followed by a series of seven acquisitions, which saw Nabors expand its footprints in the industry. Today, under the leadership Anthony Petrello, Nabors is regarded as one of the largest oil-drilling contractors in the world.
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About Antony Petrello
Anthony Petrello is the president and CEO of Nabors Industries. In his position, he provides strategic planning initiative for the company. He joined the company in 1991. He was appointed to the board of directors of the executive committee of the company. Anthony served as the chief operating officer and deputy chairman. He assumed his current position in 2011. Anthony was appointed to serve as the chairman of the board and the executive committee of the board in the following year. Previously, Anthony worked for a renowned law firm, Baker & McKenzie. He is a recipient of a J.D. degree from Harvard Law School as well as a Bachelor’s and Master’s degrees from Yale University.
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