Transocean Finalizes Acquisition of Aker Drilling

Transocean, a wholly owned subsidiary of Transocean Ltd., has completed the acquisition of 100 percent of the shares of Aker Drilling for NOK 26.50 per share.

This acquisition further strengthens Transocean's industry leadership position, adding approximately $1 billion in backlog as well as Aker's two harsh environment, semisubmersible drilling rigs and two drillships under construction in Korea.

Steven Newman, President and Chief Executive Officer of Transocean Ltd., said, "We are very excited about the opportunities this combination brings, both financially and strategically. With the close of this transaction we've immediately enhanced the overall makeup of our fleet, strengthened our position in Norway, and furthered our competitive position in the marketplace through the addition of high-spec assets and exceptional people. We'd also like to welcome the Aker employees to the Transocean team and look forward to working together to identify opportunities to grow our business, provide innovative solutions to our customers, and drive long-term shareholder value."


Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Artificial Lift - SPS Operator Bander / Spoole
Expertise: Production Operator
Location: Midland
Assistant Production Supervisor
Expertise: Production Operator|Production Technologist
Location: Chesapeake, VA
United States Houston: Senior Production Group Leader
Expertise: Production Operator
Location: Houston, TX
search for more jobs

Brent Crude Oil : $51.78/BBL 0.77%
Light Crude Oil : $50.85/BBL 0.83%
Natural Gas : $2.99/MMBtu 4.77%
Updated in last 24 hours