Announced
Financials
Tags
Pending
Domestic
Japan
Single Bidder
Friendly
Private Equity
Offshore Drilling and Other Services
Private
Acquisition
Majority
offshore drilling
Synopsis
JX Nippon, an oil explorer, agreed to acquire Japan Drilling, an offshore drilling services provider, from Aspirant Group, a private equity firm. Financial terms were not disclosed. "We have come to this agreement in recognition of the fact that JDC's technology for drilling wells to inject and store CO2 underground is expected to further strengthen the CCS/CCUS value chain provided by the ENEOS Group. We believe that after the transfer, JDC will be able to strengthen its CCS business, currently being worked on, through collaboration with JX, and aim for further growth and development," Aspirant Group.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.