Precision Drilling Acquires Land Drilling Business

On May 21, 2004, Precision Drilling Corp. acquired all of the land drilling assets of GlobalSantaFe Corp. (GSF) for US$316.5 million. GSF continues to carry on its offshore drilling business from its headquarters in Houston, Texas. The GSF land drilling business was carried out in Kuwait, Saudi Arabia, Egypt, Oman and Venezuela.

Precision was represented by Borden Ladner Gervais in Calgary, with a team that included Brian Roberts, Gil Malfair and Lloyd McLellan.

GSF was represented by Baker Botts of Houston, Texas, with a team that included David Kirkland, Rennae Henry and Ashley Morgan (corporate, M&A), Stuart Schaffer and Derek Green (tax) and Gail Stewart (employee benefits).


Rennae K. Henry Derek Green Ashley M. Morgan Brian E. Roberts Lloyd McLellan Stuart F. Schaffer J. David Kirkland, Jr. Gillain A. Malfair


Borden Ladner Gervais LLP (BLG) Canadian Cosmetic, Toiletry and Fragrance Association