M&A Deal Summary

Norse Cutting & Abandoment AS Acquires LIS Energy Services

On April 3, 2008, Norse Cutting & Abandoment AS acquired energy services and equipment company LIS Energy Services

Acquisition Highlights
  • This is Norse Cutting & Abandoment AS’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Norse Cutting & Abandoment AS’s 1st transaction in the United States.
  • This is Norse Cutting & Abandoment AS’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2008-04-03
Target LIS Energy Services
Sector Energy Services and Equipment
Buyer(s) Norse Cutting & Abandoment AS
Deal Type Add-on Acquisition

Target

LIS Energy Services

New Orleans, Louisiana, United States
LIS Energy Services LLC is a provider of plugging and abandonment (P&A) services to the oil and gas sector.

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Buyer(S) 1

Buyer
DESCRIPTION

Norse Cutting & Abandonment AS is an oilfield technology company that specializes in providing subsea tooling services used in the plugging, abandonment, and decommissioning of offshore oil and gas production platforms and subsea wellheads.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Louisiana M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-23 IOS Offshore AS

Stavanger, Norway

IOS Offshore AS is a specialist supplier of services and equipment for rig mooring, towing operations, pre-lay mooring systems and special mooring arrangements to the oil and gas industry.

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