New company will be headquartered in London and will be a leader in Offshore drilling in any depth of water, as stated by the company's CEO, Carl Trowell.
Ensco and Rowan announced last Thursday (11/04), the merger of the companies, which will now be called EnscoRowan and the shares will be traded on the New York Stock Exchange.
The UK Justice has already approved the deal, the new company will be based in London and is already born with an enviable fleet of 82 rigs, 28 floating and 54 jack-ups.
In the new shareholding division, the shareholders of Ensco, as they will have 55% of the shares of the new company, and those of Rowan will have 45%.
EnscoRowan will have a market value of approximately $12 billion and merger operation began to be sewn in the Offshore market in October last year.
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EnscoRowan in Brazil
The Ensco 6002, which is chartered by Petrobras until December 2019, is the only EnscoRowan rig operating in the Brazilian Offshore.
In the early 2000s Ensco closed four contracts with Petrobras and Ensco 6002 is the only one still in effect.
Regarding Rowan, the company does not have contracts with the Brazilian oil company, but they have already done business, in January last year, the drilling company bought P-69 and P-60 jack-ups from Petrobras.
The drilling market has already been moved recently by another major merger, at the end of last year, Transocean bought Ocean Rig , creating a new company with a fleet of 57 rigs.