Merger of equals equates to economies of scale for oilers

RYSTAD Energy has called the merger of offshore drilling contractors Ensco and Rowan Companies one of “equals”. 

Merger of equals equates to economies of scale for oilers Merger of equals equates to economies of scale for oilers Merger of equals equates to economies of scale for oilers Merger of equals equates to economies of scale for oilers Merger of equals equates to economies of scale for oilers

Marriage of drilling contractors also yields new footprints for both 

The merger was announced earlier this week, and will create a drilling contractor capable of working across all water depths with a global footprint, according to the energy analysis company.