Offshore Drilling Contractor Signs Merger Agreement and Will Acquire Seven 7th Generation Drillships, Three Harsh Environment Rigs, Four Liftboats, and Three Support Vessels

Written by Roberta Souza

Published on 27/12/2022 at 18:24

Foto: reprodução br.pinterest.com

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Seadrill Limited and Aquadrill Will Join in a Partnership for Offshore Drilling in a New Drilling Platform Company

The new partnership in the offshore drilling sector will occur between Seadrill Limited and Aquadrill, where Seadrill will purchase part of the offshore drilling platform company Aquadrill. At the end of this merger between the companies, both will have, respectively, 62% and 38% each, with Aquadrill offshore becoming the owner of over US$ 900 million.

In a statement, Seadrill of offshore drilling platforms declared that the merger of the two companies will create a new leading offshore drilling company, possessing a high-specification fleet with cutting-edge technology, as well as a streamlined cost structure.

Seadrill will have, in total, 7 drill ships, 3 drilling platforms, and 4 elevators. The approval of the merger was completed after meetings with the boards of directors of both companies, and did not require the approval of any Seadrill shareholder.

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Offshore Drilling Contractor Signs Merger Agreement and Will Acquire Seven 7th Generation Drillships, Three Harsh Environment Rigs, Four Liftboats, and Three Support Vessels

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Offshore Drilling Contractor Signs Merger Agreement and Will Acquire Seven 7th Generation Drillships, Three Harsh Environment Rigs, Four Liftboats, and Three Support Vessels

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