Deepwater Horizon. 8 Sedco Forex had been formed from a merger of two drilling companies, the S outh e astern D rilling Co mpany ( Sedco founded in 1947 by Bill Clements and acquired by Schlumberger in 1985 for 1 billion 9 and French drilling company Forages. 40 Offshore drilling leak off the Brazilian coast (2011) edit The offshore drilling facility " Sedco 706 operated by Transocean under contract from Chevron, began to leak in November 2011 while working on the "Frade" oil field. Archived from the original on Retrieved 29 September 2015. "R B Falcon Corporation and Cliffs Drilling Company Announce Execution of Definitive Merger Agreement" (Press release).
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In 1954, the company launched Rig 51, the first mobile jackup rig, in the Gulf of Mexico. "Transocean awards bonuses 'for safety' in 2010". "Transocean Sedco Forex Inc.". "Transocean, owner of Deepwater Horizon rig, agrees to 211 million settlement in Gulf oil spill". 2, in 2010, Transocean was implicated in the. "Drilling rig blown ashore in storms off Western Isles". 16 In September 2009, its Deepwater Horizon rig established a 35,050 ft (10,680 m) well, the deepest well in history more than 5,000 feet deeper than its stated design specification. 14 In 2007, the company merged with GlobalSantaFe Corporation in a transaction that created a company with an enterprise value of 53 billion. 15 In 2008, the company moved its headquarters to Switzerland, resulting in a significantly lower tax rate. Retrieved "Transocean Offshore and Schlumberger Combine Forces to Create The Leading Offshore Drilling Company" (Press release).