M&A Deal Summary

NOV Acquires South Seas Inspection Pte.

On December 8, 2009, NOV acquired oil/gas exploration company South Seas Inspection Pte.

Acquisition Highlights
  • This is NOV’s 1st transaction in the Oil/Gas Exploration sector.
  • This is NOV’s 1st transaction in Singapore.

M&A Deal Summary

Date 2009-12-08
Target South Seas Inspection Pte.
Sector Oil/Gas Exploration
Buyer(s) NOV
Deal Type Add-on Acquisition

Target

South Seas Inspection Pte.

Singapore, Singapore
South Seas Inspection (S) Pte. Ltd., a Singapore based inspection, repair and maintenance provider to the oil and gas industry. South Seas Inspection is operating in seven countries, including Singapore, Brazil and Azerbaijan.

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Buyer(S) 1

Buyer

NOV

Houston, Texas, United States

Category Company
Founded 1862
Sector Energy Services and Equipment
Employees34,010
Revenue 8.9B USD (2024)
DESCRIPTION
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.
Entrance to National Oilwell Varco's corporate headquarters in Houston, Texas.

NOV is a provider of equipment and components used in oil and gas drilling and production operations, oilfield services, and supply chain integration services to the upstream oil and gas industry. NOV was formed in 1862 and is based in Houston, Texas.


DEAL STATS #
Overall 11 of 29
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 20
Country: Singapore M&A 1 of 2
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-08 Hochang Machinery Industries Co.

Ulsan, South Korea

Hochang Machinery Industries Co., Ltd., is a manufacturing and fabrication business with facilities in Ulsan and Geoje, South Korea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-08 Advanced Production and Loading AS

Kolbjornsvik, Norway

Advanced Production and Loading AS (APL) is a supplier of turret mooring and offshore loading and offloading systems. APL is responsible for system development, design, engineering, fabrication and marketing/sales of Submerged Turret Loading and Submerged Turret Production systems for oil and gas applications.

Buy $500M