Oilfield-services company Rowan Cos. is in talks to acquire the drilling business of A.P. Moller-Maersk A/S, which is selling energy assets to focus on transportation, people familiar with the matter said.
The drilling business assets could be valued at about USD 4 billion, although the valuation could change as the talks proceed, the people said, asking not to be identified as the information is private. Rowan, an offshore contract driller, has a market value of USD 1.4 billion, down from USD 5.6 billion in 2011, when oil sold for more than USD 100 a barrel.
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