The drilling industry has come a long way since the 1950s. It was in that decade that Nabors Industries became the first company ever to attempt oil extraction on the North Slope of Alaska. This was one of the most lucrative oil finds in the history of America. With billions of untapped barrels, any company that could devise methods to extract oil from the incredibly harsh and unforgiving environment on the shores of the Arctic Sea would be able to reap tremendous rewards for doing so.
Nabors Industries was the company that stepped up to the plate. Devising novel techniques and what was incredibly high-tech and innovative technology for that time, Nabors Industries was able to successfully establish drilling operations throughout the entire North Slope. This proved to be a boon to the Alaskan economy, lifting the previous ly impoverished state to the level of the wealthiest states in the union and allowing for the historically downtrodden natives to have a fighting chance at a decent economic future. Perhaps no state in the history of the country has ever benefited so substantially from the work of a single company. Nabors Industries became a corporate legend throughout the state of Alaska.
But after going through some hard times, Tony Petrello took over at the helm of the company in 1991. Seeing the potential still existing in a company with legendary roots, Petrello decided to go back to the same philosophy that led the pioneering management of Nabors Industries in the 1950s to undertake one of the most ambitious drilling projects in human history.
Petrello began an aggressive campaign of researching and developing hi-tech solutions to modern drilling problems, such as directional drilling and hydraulic fracturing. Today, Nabors Industries is the main supplier of North American hydraulic fracturing operations. Through Petrello’s strong leadership and vision, Nabors Industries has a bright future ahead. For more info about us: https://www.facebook.com/public/Anthony-Petrello click here.