Maersk Drilling to merge with Noble

Danish offshore drilling contractor Maersk Drilling has entered into a definitive agreement to combine with its US rival Noble Corporation in a primarily all-stock transaction, which will result in the creation of a combined company with a fleet of 20 floaters and 19 jack-up rigs.

 

The combined company will be named Noble Corporation and its shares will be listed on the New York Stock Exchange and Nasdaq Copenhagen. The transaction is targeted to close in mid-2022.

 

According to their joint statement on the 10th November, both companies share a very strong conviction in the compelling industrial logic behind the creation of a world-class offshore driller with the scale, capabilities, and resources to successfully serve a broad range of customers.

 

The combined company will own and operate a modern, high-end fleet of floaters and jack-up rigs across benign and harsh environments, serving customers in the most attractive offshore oil and gas basins.

 

Source: Offshore Energy Today