Ensco completes acquisition of Atwood Oceanics

Ensco completes acquisition of Atwood Oceanics

UK-based offshore driller Ensco has completed its acquisition of Houston-headquartered Atwood Oceanics. The deal, which was announced in May, gives Ensco 69% of the combined entity and Atwood shareholders 31%.

Carl Trowell, president and CEO of Ensco, commented: “Today is an important day in our company’s history. Ensco has used timely acquisitions to grow into one of the leading offshore drilling companies, and the acquisition of Atwood is another major milestone in our progression. We are excited to complete this transaction and to welcome our new employees, customers and shareholders to an even stronger Ensco.”

The combined company will have a fleet of 63 rigs, made up of 37 jackups and 26 semi-submersibles/drillships, and an estimated enterprise value of $6.9bn.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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