Ensco to acquire Pride in merger of major drillers

摘要

Ensco pic and Pride International Inc. have entered into a definitive merger agreement under which Ensco will combine with Pride in a cash and stock transaction. The transaction will create the second largest offshore driller in the world, with 74 rigs spanning the globe. The combined company will have 21 deepwater and ultra-deepwater rigs, forming the second largest and the youngest fleet able to drill in water depths of 4,500 ft or greater. In addition, the combined company will have more active jackup rigs than any other driller.