Ensco, Rowan complete merger creating largest offshore drilling firm

Offshore drilling companies Ensco and Rowan have completed the previously announced merger deal, creating a new company named Ensco Rowan. Ensco Rowan is now the world’s largest offshore drilling company by fleet size.

The merger completion follows the satisfaction of the transaction’s closing conditions including approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction.

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