Sun European affiliate acquires ADTI
An affiliate of Sun European Partners has acquired Applied Drilling Technology International (ADTI), an offshore project management business focused on North Sea well design, construction and completion services.
The business was acquired from Transocean for an undisclosed value.
Established in the UK in 1991, ADTI has managed approximately 370 wells and 180 completions in Northwest Europe, with an emphasis on the UK Continental Shelf (UKCS). The company currently employs 84 professionals and support staff, which allows its customers to completely outsource their offshore drilling and completion operations.
The company, based in Aberdeen, Scotland, operates its business through five segments: turnkey drilling, turnkey completion, project management, decommissioning and well engineering studies. Clients include Hess, Tullow, Summit Petroleum, Premier, Sterling Resources, Ithaca Energy, GDF Suez and Xcite.
Lionel de Posson, vice president at Sun European Partners, says; “ADTI has deep knowledge of the UKCS market and has built an unrivalled and unique offering in turnkey solutions. The company has established a strong reputation in the market, underpinned by its best-in-class workforce who are all skilled operators in their specialist fields. ADTI is well positioned to take advantage of the positive market trends in the region and we look forward to working with the management team to explore further opportunities for growth in new products and geographies.”
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