The key drivers of growth for India offshore drilling rigs market are rising domestic oil production, increased investment by international operators in India waters, technological advancements that have enabled deeper explorations and improved operational efficiencies, strong government support through SPR program etc., all leading to a favorable Outlook for this sector in India.
[pdf] The history of Saipem is deeply connected to 's management era of during the years of the . In the early 1950s Mattei had reorganized the Italian oil industry through a complex system of outright acquisitions and government investments, in order to guarantee Italy's self-reliance in energy.
[pdf] In the early 1960s, Brewster-Bartle, an onshore drilling company, filed . In 1964, Don McMahon acquired Brewster-Bartle from its bank creditors and formed Diamond M Drilling Company, named after Diamond. .
In 1989, Diamond's predecessor bought 6 drilling rigs from the predecessor of Kaneb Management. Some of Kaneb's employees continued to work for Diamond after the transaction and then sued Diamond for personal inj.
[pdf] 
