Anthonhy Petrollo, your friendly NABOR

The Deepwater Horizon was not caused by NABORs. No one would recommend a company because they are known for not causing a disaster. No one is known for not causing a disaster. Developing a history of safe drilling operations takes time, patience, and maintaining positive safety record continuously. Nabors has maintained that history for a long time. Anthony Petrello has helped the company maintain its safety record for over twenty-two years. He serves as a director for the company to this day, and he plans to help the company continue its safety record as long as he is allowed to be a part of it.

NABRORs specializes in drilling operations for natural gas and geothermal drills. They have also provided support to offshore oil rigs for many years. Under his term as an executive and a director, Petrello has also took the lead in reforming the executive pay schedule at the company. After hearing complaints from the company’s shareholder, he offered to let the company buy out his remaining contract. The company then reformed its executive payment policy. Executives are not paid based on the performance of the company.

NABORs began its life in the 1980s ad Anglo, according to Wikipedia. It survived a bankruptcy caused by the economic turmoil of the early 1990s. It eventually changed its name to NABORs, and its stock is currently traded on the New York Stock exchange under the symbol NBR. It remains one of the larger firms offer drilling support in the United States and many other countries.

To know more visit @: www.bloomberg.com/research/stocks/private/person.asp?personId=290691&privcapId=290681

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