Anthony G. Petrello is a man of many talents. So, where do his talents stem from? Well, we can safely say, Nabors Industries had a lot to do with it. Nabors Industries Ltd was created in 1968 and was based in Hamilton, Bermuda. It was an S7P 500 oil, natural gas and drilling contractor for geothermal operation on different land masses throughout the U.S., Middle and Far East and Africa.
Petrello got elected to the Nabors Industries National Board of Directors and Board Committee in 1991; he had been President snf Chief Operating Officer for Nabors from 91 to late 2011.
So what is Petrello’s role? Petrello gives Nabors Industries its strategic planning initiative and direction. Petrello is pivotal in helping the company prosper in a competitive and dynamic environment. Petrello was deputy chairman for Nabors beginning in 2003. He has been on the company’s executive board since mid 2012.
When Nabors Industries began, it was originally known as Anglo Energy Ltd. The organization is responsible for onshore well-services in America, while offering rigs for offshore oil platforms and drilling rigservicing. There are 29 marine vessels that are a part of the company’s charter fleet that assist with offshore operations.
Nabors makes top drives for drilling, utilizing directional drilling systems, rig instrumentation for equipment, a system for data collection, drill pipe handling equipment and rig reporting software. In 2006, the company ran 610 land work over and rigs that are well servicing. There were also 190 rigs in Canada, 48 oil rigs, 19 barge rigs (jackup) and 5 barge rigs.
Petrello was a member of Baker & McKenzie, where his primary focus was international arbitration, general corporate law and taxation. He was managing partner of the New York firm until he resigned in 1991. Anthony Petrello’s educational background includes a J.D. degree from Harvard Law School, and a bachelor’s degree from Yale in mathematics. He is also director of Stewart and Stevenson LLC and Hilcorp Energy Company.
In the last few years, Petrello has had to take pay cuts to keep the company running and merging with other companies. Former CEO Eugene Isenberg, who was chief executive for 24 years, recruited Petrello at age 57 to run the company.
In the beginning, it was Isenberg who led a small drilling company out of Alaska. The company had just come out of bankruptcy court and Isenberg built the company into an operating firm with more than 24 companies. The company has profited off of U.S. and Canadian land and its U.S. offshore operation turned a profit.
Petrello is CEO of the world’s biggest land-based drilling company and contractor Nabors. Petrello has a competitive nature and constantly looks for ways to differentiate his company from others. He is Newark native and left his job in New York to come to Houston and run Nabors.
Petrello recalls he and his wife’s early years in Houston a working six or seven days per week. Petrello’s wife, Cynthia, was once a New York actress who agreed to focus on both of their careers.