Company Profile for TODCO.Energy Editors/Business Editors --(BUSINESS WIRE) TODCO TODCO Technical Order Distribution Control Office is a U.S. domiciled oil and gas drilling contractor headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the . We are a majority owned subsidiary of Transocean Inc., the world's largest offshore drilling Offshore drilling typically refers to the act of extracting resources, primarily oil, in an ocean or lake. Controversy As with all oil drilling, there has been a certain level of controversy surrounding the issue. contractor. Our fleet of 70 drilling rigs is focused along the U.S. Gulf Coast and Caribbean Basin (including Venezuela, Trinidad and Mexico). In the U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east we focus on shallow water and inland (transition zone) areas. Comprised of 24 shallow water jackup rigs of varying types, 30 inland barge rigs, and 16 rigs of other designs (including submersible submersible, small, mobile undersea research vessel capable of functioning in the ocean depths. Development of a great variety of submersibles during the later 1950s and 1960s came about as a result of improved technology and in response to a demonstrated need for , land, lake barge and platform rigs), the TODCO fleet is one of the most deployable in the Western Hemisphere. Our customers are primarily independent oil and gas companies, major international oil companies and national oil companies (such as Mexico's PEMEX Pemex officially Petróleos Mexicanos Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel. and Venezuela's PDVSA PDVSA Petroleos De Venezuela, SA ). We contract our drilling rigs, equipment and qualified work crews on a dayrate basis. As THE premier shallow water driller along the U.S. Gulf Coast, we have distinct logistical advantages in servicing our customers by offering reduced rig mobilization time and related costs, and increased flexibility of rig and crew deployment. Furthermore, as the largest contract driller in the region, we are able to pass along the benefits of our economies of scale chiefly increased bargaining power and the ability to attract and retain the most desirable and capable crews.
Company: TODCO
Headquarters Address: 2000 W. Sam Houston Parkway South
Suite 800
Houston, TX 77042
Main Telephone: 713-278-6000
Ticker: THE(NYSE)
Type of Organization: Public
Industry: Energy
Earnings Release Dates: 1st Quarter: April 27, 2004
2nd Quarter: July 27, 2004
3rd Quarter: October 26, 2004
Key Executives: CEO: Jan Rask
CFO: T. Scott O'Keefe
Investor Relations
Contact: Julie Moise
Phone: 713-278-6113
Email: jmoise@theoffshoredrillingcompany.com
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