# Odfjell Drilling buys Deepsea Nordkapp rig for $505M

Odfjell Drilling has agreed to purchase the drilling unit Stena MidMax (to be renamed Deepsea Nordkapp) from Samsung Heavy Industries for USD 505 million.

- Type: Acquisition
- Announced: 2018-04-29
- Where: South Korea
- Value: $505.0M
- Status: announced
- Products: drilling unit
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Samsung Heavy Industries](https://endata.com/companies/1440.md) (target)
- [Odfjell Drilling](https://endata.com/companies/17583.md) (acquirer)

## Sources

- [marinetechnologynews.com](https://www.marinetechnologynews.com/news/odfjell-drilling-deepsea-nordkapp-559996), 2018-04-29: "Odfjell Drilling has entered into an agreement with Samsung Heavy Industries to purchase the former called drilling unit Stena MidMax for USD 505 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.