Nabors Industries was set up in 1952 and has its main office in Bermuda. The company is a drilling contractor that serves the oil and the gas industry in the United States and international market. Apart from offering services like rigs for offshore drilling, desert speciality rigs, drilling software and technology, they also manufacture drilling equipment like top drives, draw works, wrenches and more. Even though most of its operations are limited to the US, they are currently working on large operations in Colombia, Venezuela, Argentina and Mexico. The company had a slow start, but for the last two decades, the company has grown three-fold because of the many acquisitions and investments the company has made from the recommendations of its top executive Anthony Petrello.
Anthony Petrello has been working for the Nabors Industries since 1991 and is one of the most influential people in the industry. He has been able to successfully steer the company to the top position in spite of being in an environmentally competitive and dynamic market. Anthony Petrello is also the Director of two other companies, Stewart and Stevenson LLC and Hilcorp Energy Company. But, for him, there is more to than just work. He is also on the board of trustees for Texas Children’s Hospital where he and his wife and contributed immensely to the research of medical programs for children with neurological disorders.
Anthony Petrello has become the highest paid CEO in the country through his efforts. His family was from a low-income group, and they struggled to make ends meet. In spite of such hardships, he concentrated on studying well that helped him get a scholarship at Yale University. His parents and his teachers thought he would become a great mathematician one day because of his brilliance in the subject. But, after graduating from Yale University, he joined Harvard Law School and earned a Law degree. He was immediately hired by Baker & McKenzie in 1986 and started working at their office in New York. Nabors Industries were one of their top clients, and they offered him the post of President of the company that he readily accepted.
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