Tony Petrello has made significant contributions to the growth of the oil industry in the world. He is the person behind the development of American oil and natural gas drilling giant known as Nabors technology. This firm is the largest drilling technology company in the world. It is based in Texas and has operations in numerous locations around the world. Currently, it has ongoing work in 25 countries. There are multiple other locations where drilling rigs from this company are being used in drilling operations. The technology used by Nabors is the most advanced and has resulted in massive business opportunities.
Tony Petrello has been the difference that has been seen in the form between now and the last two decades. Since he joined the firm, it has been a continuous path of development. The company has been growing from one level to another consistently. It has proved that Petrello is a performer. Before he joined Nabors, it was just another company in the oil drilling sector, but after two decades in the firm now, it is the biggest firm in the world. Petrello has even become one of the top-paid CEOs in the country. To be a top-paid CEO in the country shows that your company is among the most profitable in the country.
Petrello joined Nabors Industries in 1991 as the COO. He later became the president of the firm. He worked in this position until 2011 when he was promoted to the position of the CEO. It is, however, his performance when serving as the CEO and President of the company that he created a good name in the management. His proposals to the management as well as effectiveness in streamlining the operations of the company to realize full benefits is what made him a top contender for the position of the CEO. He had already proved that he could lead the giant oil and natural gas drilling firm. Since 2011, he has proved why he deserved the job.
Nabors industries impressed in its post-2008 financial crisis performance. At a time when other firms had it rough and others even closing down, Nabors Industries was growing rapidly. The form was doing so well under the management of Tony Petrello. In fact, this is one of the periods when it made the largest profits. In 2015, Tony Petrello even joined the list of top-paid CEOs in the country because of the returns made by Nabors Industries.