King & Wood Mallesons (KWM) has advised Shandong Offshore Equipment Co., Ltd. (Shandong Offshore) in its successful acquisition of 100% equity interest in Northern Offshore Ltd. (NOF), an Oslo Stock Exchange listed company, with a consideration of approximately NOK 1.3 billion(US$160.58 million). After the acquisition, NOF was delisted from Oslo Stock Exchange.

Shandong Offshore is a professional offshore equipment company mainly engaged in the operation, research and development and manufacture of offshore equipment. With 14 years of continuous safety operation, NOF provides offshore drilling and production services with its 7 offshore platforms, experienced management team and leading operation system. After this acquisition project, Shandong Offshore is to integrate its own drilling platforms and management teams with NOF’s to build an international offshore drilling company with cost effective and efficient operation, so as to enhance its comprehensive capability in offshore drilling substantially.

KWM acted as the leading counsel for Shandong Offshore in the entire process of acquisition and integration. The project was led by Handel Lee and George Zhao, with great assistance from Dirk Walker and Dina Yin.