VOL. XLIV
No 37
10-September-2001
KUWAIT
Santa Fe And Global Marine MergeTo Create $6Bn Offshore Drilling Company
SantaFe International, in which the Kuwait Petroleum Corporation (KPC) has a 37.7% stake,announced on 3 September an agreement to merge in a stock-for-stock transactionwith Global Marine, creating the worlds second biggest offshore drillingcontractor with a market value of $6bn. The new company to be known asGlobalSantaFe will operate more than 100 rigs, with its own fleet of 59...
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