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April 7, 2016

M&As this week: WellPerform, DryShips, Amphora Canada

Wellperform ApS, an oil and gas project management, well engineering and consultancy firm, has completed the acquisition of Chris Dykes International Limited, a well examination services provider.

Drilling

Oil and gas project management and consultancy firm Wellperform ApS has completed the acquisition of Chris Dykes International Limited, a well examination services provider.

Chris Dykes International will continue to trade as a separate entity with no alignment with WellPerform well management business.

The acquisition supports Chris Dykes to grow its business globally.

Operator of drybulk carriers and offshore support vessels DryShips Inc has sold 56.079 million of its shares in Ocean Rig UDW, representing a 40.4% stake, to an unrestricted subsidiary of Ocean Rig for $49.91m.

Ocean Rig owns a fleet of offshore ultra deepwater drilling units and provides offshore drilling services for offshore oil and gas exploration, development and production activities.

ArcLight Capital Partners‘ affiliate Amphora Canada Gas Storage ULC has completed the acquisition of Chevron Alberta Gas Storage ULC (CAGS) from Chevron Canada Properties Limited.

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CAGS owns a 43% non-operated interest in Alberta Hub gas storage facility, whereas Iberdrola Canada Energy Services owns the remaining stake and operates the facility.

The acquisition enables Amphora Canada to expand its gas storage business in Canada to meet the increasing demand for natural gas in North America and LNG export.


Image: WellPerform is an oil and gas project management, well engineering and consultancy firm. Photo: courtesy of WellPerform

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