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Songa Offshore SE

Company Summary

Description

Songa Offshore is an international midwater drilling contractor with a strong presence in the harsh environment North Atlantic basin. Its fleet consists of seven midwater semisubmersibles and hold position as Statoil’s largest drilling service provider.

Website

http://www.songaoffshore.com/

Recent news

  • 1/31/2018 - Transocean Closes on... (subscriber access)
  • 1/19/2018 - Transocean Shareholders... (subscriber access)
  • 8/15/2017 - Transocean Enters... (subscriber access)

Company Transactions

Date: 1/31/2018
Type: Acquisition

BUYERS:
  • Transocean Ltd.
    • SELLERS:
  • Songa Offshore SE
  • York Capital Management Global Advisors, LLC
  • Asia Research & Capital Management Ltd
  • Perestroika AS
    • DETAILS:

    COST: 1.2 $B

    NOTES:
    Transocean has entered into an agreement to acquire Songa Offshore SE, a Norwegian rig company for 9.1 billion crowns (approximately $1.2 billion). Deal is set to close in 4Q17.
    REGIONS:
  • Worldwide