The company was founded in 1966 in as Pride Oilwell Service Company. In 1978, the company was acquired by Dekalb Corporation. In August 1988, the company was spun out as a . In 1996, the company acquired Quitral-Co. Saic, the largest drilling contractor in , for $140 million. It also acquired Forasol-Foramer. It also sold its land based operations.
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