Ensco and Rowan Join Forces and Now Operate 82 Offshore Rigs

Written by Renato Oliveira

Published on 13/04/2019 at 01:00

Updated on 12/04/2019 at 18:09

fusão no ramo de perfuração

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New Company Will Be Based in London and Will Be a Leader in Offshore Drilling in Any Water Depth, According to the Company’s CEO, Carl Trowell.

Ensco and Rowan announced last Thursday (04/11) 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 courts have already approved the deal, the new company will be headquartered in London and will already have an enviable fleet of 82 rigs, consisting of 28 floaters and 54 jack-ups.

In the new shareholding structure, Ensco shareholders will hold 55% of the new company’s shares, and Rowan shareholders will hold 45%.
EnscoRowan will have a market value of approximately US$ 12 billion and the merger operation began being negotiated in the Offshore market in October of last year.

ARTICLE CONTINUES BELOW

EnscoRowan in Brazil

Ensco 6002, which is chartered by Petrobras until December 2019, is the only rig from EnscoRowan operating in the Brazilian Offshore.
In the early 2000s, Ensco signed four contracts with Petrobras, and the 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 done business; in January of last year, the driller purchased jack-ups P-69 and P-60 from Petrobras.

The drilling market was recently stirred by another major merger; at the end of last year, Transocean acquired Ocean Rig, creating a new company with a fleet of 57 rigs.

Did you see that the oil company Dommo (formerly Ogx) had an exclusion request made by its partners Enauta (Formerly QGEP) and Barra Energia approved by CADE at the beginning of the year and is appealing to a Paris court to avoid leaving the Atlanta field? Click here to read the full article!

Ensco and Rowan Join Forces and Now Operate 82 Offshore Rigs

New Company Will Be Based in London and Will Be a Leader in Offshore Drilling in Any Water Depth, According to the Company’s CEO, Carl Trowell.

EnscoRowan in Brazil

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Ensco and Rowan Join Forces and Now Operate 82 Offshore Rigs

New Company Will Be Based in London and Will Be a Leader in Offshore Drilling in Any Water Depth, According to the Company’s CEO, Carl Trowell.

EnscoRowan in Brazil

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

A Chinese factory in Guangdong is assembling a humanoid robot every 30 minutes while Tesla, Figure, and Boston Dynamics still struggle to deliver 10 thousand per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

Secret chamber sealed 4,500 years ago found in the Pyramid of Khufu, and Hawass announces its opening to the world in 2026

A public school student single-handedly created a machine capable of treating water for up to 50 people using only solar energy. It was awarded third place at one of the most important science fairs in the world.

Germany installed vertical solar panels on a lake in Bavaria, and the result broke conventional logic: instead of producing energy at midday peak, the plant generates more early in the morning and in the evening, exactly when families turn on appliances and factories are in full swing.

While communities suffer from water scarcity and the advancing desert, women in Morocco use nets high up in the mountains to trap fog droplets, fill reservoirs, and transport drinking water through more than 10 km of piping.

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