GulfCap acquired Dalma Energy for US$ 446 million, marking a strategic expansion into the oil and gas drilling services sector in Oman.

Target Information

Dalma Energy, an Oman-based subsidiary, operates in the oil and gas drilling services sector. Established as a key player in the Middle Eastern energy market, Dalma Energy provides comprehensive drilling solutions to a diverse range of clients across the region, adhering to high standards of safety and operational efficiency.

Acquired by GulfCap in a deal valued at US$ 446 million, Dalma Energy was previously owned by Aabar Petroleum, a significant entity in the oil and gas industry. This acquisition marks a strategic move for GulfCap, allowing them to expand their portfolio in the energy sector, particularly in the rapidly growing markets of the Middle East.

Industry Overview

The oil and gas drilling services industry in Oman has witnessed substantial growth over the past decade, driven by the increasing demand for energy and the expansion of exploration activities. With vast reserves of oil and natur