November 24, 2014 3:46 PM ET

Energy Equipment and Services

Company Overview of Abbot Group Limited

Company Overview

Abbot Group Limited, doing business as KCA Deutag, provides drilling and work-over services to the onshore and offshore oil and gas industry. The company provides development drilling services and rig operation to oil companies. The company also operates as a platform drilling and international land drilling contractor, and international operator of mobile offshore drilling units. In addition, it involves in the drilling rig design and construction, and the manufacture of land drilling rigs and related components. The company was formerly known as Abbot Group plc and changed its name to Abbot Group Limited in March, 2008. The company was incorporated in 1959 and is based in Aberdeen, United ...

Minto Drive

Altens

Aberdeen,  AB12 3LW

United Kingdom

Founded in 1959

8,000 Employees

Phone:

44 12 2429 9600

Fax:

44 12 2423 0400

Key Executives for Abbot Group Limited

Chief Executive Officer
Age: 48
Founder and Executive Chairman
Age: 60
Chief Financial Officer
Age: 60
Chief Operating Officer
Age: 62
Company Secretary
Age: 70
Compensation as of Fiscal Year 2014.

Abbot Group Limited Key Developments

Abbot Reportedly Mulls IPO In 2015

Pamplona Capital Management LLP has held talks with advisers about an initial public offering (IPO) of KCA Deutag Drilling Ltd., two people with knowledge of the matter said. Russian billionaire Mikhail Fridman’s Alfa Group, has discussed an IPO of the company in London during the first half of next year, said the people, who asked not to be identified because the talks are private. “The Board of KCA Deutag regularly reviews its various financing strategies as part of the ordinary course of business,” a spokeswoman for the company said in an e-mailed statement. “One of a range of possible options for the company could be a stock market flotation at some point in the future. However, no decision has been made on conducting an IPO at the present time. The business continues to make good progress.”

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