K&A advised KCA Deutag, a leading global drilling and engineering contractor, on its acquisition of the Saudi Arabian businesses of land drilling contractor Dalma Energy LLC (Dalma).
The transaction, which was part of a global acquisition, signed on 4 March 2018 and completed on 30 April 2018, consolidates KCA Deutag’s position as the world’s premier international drilling and engineering contractor and, importantly, provides entry into the substantial Saudi Arabian onshore drilling services market (including the acquisition as part of the transaction of Dalma’s drilling contracts with Saudi Aramco).
KCA Deutag is now considered the second largest international owner and operator of land rigs in the Middle East and operates a fleet of 83 land rigs globally.
The K&A team was led by K&A Managing Partner Zeyad Khoshaim with support from Senior Associates Imtyaz Sattar and Leen Zaza, and Associates Rawan Albrikeit, Arwa Alfawzan, and trainees Rakan Alyusuf and Meshal Alkolaika.
Acquisition financing was led by K&A Project & Finance Partner Karim Wali.