M&A Deal Summary

Transocean Acquires Aker Drilling ASA

On August 15, 2011, Transocean acquired oil/gas exploration company Aker Drilling ASA for 1.5B USD

Acquisition Highlights
  • This is Transocean’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Transocean’s 3rd largest (disclosed) transaction.
  • This is Transocean’s 1st transaction in Norway.

M&A Deal Summary

Date 2011-08-15
Target Aker Drilling ASA
Sector Oil/Gas Exploration
Buyer(s) Transocean
Deal Type Add-on Acquisition
Deal Value 1.5B USD
Advisor(s) Goldman Sachs (Financial)
BAHR (Legal)

Target

Aker Drilling ASA

Stavanger, Norway
Aker Drilling ASA is an offshore drilling contractor. Aker owns and operates offshore drilling rigs in Norway.

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Buyer(S) 1

Buyer

Transocean

Steinhausen, Switzerland

Category Company
Founded 1926
Sector Oil/Gas Exploration
Employees5,430
Revenue 3.5B USD (2024)
DESCRIPTION

Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. Transocean was founded in 1926 and is based in Steinhausen, Switzerland.


DEAL STATS #
Overall 2 of 7
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 4
Country: Norway M&A 1 of 1
Year: 2011 M&A 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-23 GlobalSantaFe

Houston, Texas, United States

GlobalSantaFe is an offshore oil and gas drilling contractors and provider of drilling management services worldwide. GlobalSantaFe owns or operates a contract drilling fleet of 37 premium jackup rigs; six heavy-duty, harsh environment jackups; 11 semisubmersibles and three dynamically positioned, ultra-deepwater drillships, as well as two semisubmersibles owned by third parties and operated under a joint venture agreement.

Buy $17.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Shelf Drilling

Dubai, United Arab Emirates

Shelf Drilling is an offshore jack-up rig operator engaged in the drilling and completion of offshore oil and gas wells. Shelf Drilling conducts drilling operations in Southeast Asia, the Middle East, India, West Africa, and North Africa / Mediterranean markets with a fleet of 37 independent-leg cantilever jack-up rigs and one swamp barge. Shelf Drilling was founded in 2012 and is based in Dubai, United Arab Emirates.

Sell $1.1B