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Maersk Drilling completed the merger with Noble in a $3.4bn deal.

Synopsis

Maersk Drilling, a drilling services provider, completed the merger with Noble, an offshore drilling contractor for the oil and gas industry, in a $3.4bn deal. "This combination carries strong industry logic. With the combination we are creating a differentiated provider of offshore drilling services, which will be able to enhance the customer experience through increased scale, global reach, and industry-leading innovation. The combination will create value for all shareholders and will offer investors a unique opportunity to benefit from the market recovery, a robust financial position and strong free cash flow potential, all paving the way for the potential return of capital to shareholders," Claus V. Hemmingsen, Maersk Drilling Chairperson. On 21 April 2022; CMA flags competition concerns for $3.4bn Maersk, Noble Merger. On 01 September 2022; UK CMA completed the review of the $4.3bn merger of Maersk Drilling with Noble.

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