October 26, 2016 8:39 PM ET

Energy Equipment and Services

Company Overview of Dalma Energy & Co. L.L.C.

Company Overview

Dalma Energy & Co. L.L.C., a drilling contractor, owns and operates land rigs in the Arabian Gulf, North Africa, and India. Its rig fleet comprises desert designed breakdown land rigs and designed mobile rigs. Dalma Energy & Co. L.L.C. was founded in 1987 and is based in Muscat, Oman with operations offices in Saudi Arabia, India, and Algeria. As of March 10, 2008, Dalma Energy & Co. L.L.C. operates as a subsidiary of Abdel Hadi Abdullah Al-Qahtani & Sons Co.

Mina Al-Fahal

P.O.Box 739

Muscat,  116


Founded in 1987


968 24636400


968 24636406

Key Executives for Dalma Energy & Co. L.L.C.

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Dalma Energy & Co. L.L.C. Key Developments

ADC Reportedly Plans To Buy Dalma

Arabian Drilling Company (ADC) is considering bidding for Dalma Energy & Co. L.L.C., sources told Reuters, in a deal which could value at more than $500 million. Goldman Sachs had been hired to arrange the sale of Dalma, two of the sources said. ADC is interested in Dalma's assets including those in Saudi Arabia, Oman and Algeria, a third source said, adding that talks began about three or four months ago and the potential transaction is in the due diligence stage. A deal is expected to be completed by the end of October, the third source added. The first source said the transaction could value Dalma at more than $500 million. Dalma Energy did not respond to emails seeking comment, and Industrialization & Energy Services Co (TAQA) was not immediately reachable for comment. In an emailed statement to Reuters, Schlumberger said it did not discuss mergers and acquisitions. Goldman Sachs declined to comment.

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Recent Private Companies Transactions

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