The story
The company was formed in 2001 by the merger of Global Marine and Santa Fe International Corporation.
In March 2003, the company temporarily suspended operations in Kuwait ahead of the Iraq War.
In May 2004, the company sold its worldwide land drilling assets to Precision Drilling for $316.5 million.
In August 2004, one of the company's rigs sank in the Mediterranean Sea about 25 miles offshore Egypt after a fire broke out on the rig.
In June 2006, the company contracted with Saudi Aramco for 4 of its jackup rigs.
In November 2007, the company merged with Transocean.
From Wikipedia’s article on GlobalSantaFe Corporation, shared under CC BY-SA 4.0.3