Tony Petrello leads Nabors on to develop the world’s most portable oil rigs

One of the most challenging aspects of extracting oil resources from remote drilling sites is the logistics of getting the necessary equipment to and from the site. This was first encountered in North America with the opening of the North Slope of Alaska’s oil plays. One company, Nabors Industries, was largely responsible for the successful extraction of the North Slope’s vast reserves of oil. This led to a period of unprecedented prosperity throughout the state of Alaska and for the United States as a whole, as billions of barrels of oil were extracted from United States territory.

But the extreme remote location of Alaska’s North Slope, combined with the incredibly harsh environment, required a very special team and a very special company to successfully complete the task. Nabors Industries stepped up to the plate and delivered in spectacular fashion. Throughout the decades of the 1950s, 1960s and 1970s, Alaska residents enjoyed the dividends of the state oil fund, making the state one of the wealthiest in the country.

Today, Nabors Industries CEO Tony Petrello continues that tradition of rising to the most challenging logistics tasks in creating solutions for drill operators seeking to exploit remote oil plays. One such solution is the company’s highly innovative OrientXPress steerable directional drilling system. This drill is not only capable of simultaneously operating 20 different drilling tasks but it is also able to be set up and torn down within 24 hours, making it one of the most portable oil rigs in the world today. It is designed to be easily brought to extremely remote locations, with all components being able to be carried easily by helicopter or truck to learn more: http://www.bizjournals.com/houston/morning_call/2014/12/nabors-ceo-cfo-take-big-pay-cut.html click here.

It is through innovations like these that Nabors Industries maintains its position at the apex of the oil extraction industry today. No one else can match its pioneering spirit and innovative talents.