Announced
Financials
Tags
land drilling
Australia
Oil Equipment and Services
well construction
Cross Border
Acquisition
Majority
Private
Pending
Friendly
Single Bidder
Synopsis
Total Energy Services, a provider of various services in the field of contract drilling, rentals, transportation, contract well and fabrication, agreed to acquire Saxon Energy Services Australia, a provider of land drilling and well construction services, from Schlumberger, a technology company that offers energy technology services, for $37m. When completed, the acquisition will increase the depth capacity of Savanna Australia’s drilling rig fleet, add experienced local personnel and expand Savanna Australia’s customer base.
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