Insight
Ensco - Atwood Transaction: The First of Many?
Report summary
On the 30th May, Ensco announced that it had entered a definitive agreement to acquire Atwood Oceanics in an all-stock transaction. The move has been unanimously agreed by the boards of both companies and is now subject to the approval of shareholders. The deal is expected to close as soon as the third quarter 2017. Since the start of 2017 we have seen a number of deals in the offshore drilling space. In March, Borr Drilling announced it intention to acquire Transocean's fleet of jackups. Two months later, Seadrill agreed to sell three jackups to Shelf Drilling. Whilst the Ensco – Atwood deal is the first major consolidation since the downturn began in 2014, it's unlikely to be the only one this year.
Table of contents
- The Deal
- Strategic Fit
- The First Major Consolidation – Not the Last
Tables and charts
This report includes 2 images and tables including:
- Figure 1: The largest offshore contract drillers
- Figure 2: Rig count visibility
What's included
This report contains:
Other reports you may be interested in
Country Report
Trinidad and Tobago upstream summary slides
To complement our more detailed Trinidad and Tobago upstream summary we provide a slide-pack of the key issues in country.
$2,700
Asset Report
Huayue Nickel & Cobalt HPAL - Cobalt project
A detailed analysis of Huaqing Nickel and Cobalt HPAL project
$2,250
Asset Report
Wingellina - Cobalt project
A detailed analysis of the Wingellina nickel project.
$2,250
