Michigan Swing Dance

Anthony Petrello Takes Nabors Industries to Greater Heights

Founded in 1968 as Anglo Energy, Ltd, Nabors Industries is a specialist in natural gas, oil, and geothermal drilling in the United States, Africa, the Middle East, and the Far East. Besides, it offers drilling rig servicing, on-shore well-servicing, and offshore oil platform in North America. Nabors provides several support services for onshore and offshore oil drilling and well-servicing. Currently, Nabors Industries has a fleet of 29 marine vessels used for well-servicing operations. It also specializes in creating equipment for rig instrumentation, data collection, and drill pipe handling. As of 2006, Nabors Industries had 610 well-servicing rigs in the United States.

About Anthony Petrello

Anthony Petrello is Nabor Industries’ President, Chairman of the Board of Directors, and Chief Executive Officer. Nabors Industries is an oil, gas, and geothermal drilling contractor based in Hamilton, Bermuda. It’s the world’s largest natural gas and geothermal drilling contractor. It runs offices in the US, the Middle East, Africa, and the Far East. Anthony Petrello has been instrumental in the development of Nabors Industries which started as Anglo Energy in 1968. He holds a BS and MS degree in Mathematics from Yale University. He also went to Harvard Law School where he attained a J.D. degree. His career journey took shape in 1979 after joining Baker & McKenzie, a law firm based in the New York City. He held the position of the company’s Managing Partner from 1986 to 1991 before joining Nabors Industries as Chief Operating Officer.

In 1992, Anthony Petrello became Nabors Industries’ President. Since 2003, he held the position of the Deputy Chairman of Nabors Industries until 2012 when he became the Chairman of the Board of Directors. Besides, he serves on the Boards of Hilcorp Energy Company, MediaOnDemand.com as well as Stewart & Stevenson, LLC. Mr. Petrello’s total earning in 2015 was $27,512,939. Out of this, he received $16,863,656 as stock, $7,727,000 as bonus, $1,580,077 as salary, and $1,342,206 as compensation. He devotes to giving back to society by supporting various charitable initiatives. For example, he sits on the Board of Trustees of Texas Children’s Hospital, a humanitarian organization that advocates for clinical and research programs to help improve the lives of children living with neurological disorders.

 

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