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The merger between UK-based Ensco with rival firm, Rowan has been concluded, creating EnscoRowan, the world’s largest offshore drilling firm by fleet size. EnscoRowan owns a total of 54 jackup rigs, 16 drillships, 12 semi-submersibles and two deepwater managed units. The two companies reached an agreement in October 2018 to merge together. While shareholders of Ensco will hold 55% of the new firm, Rowan shareholders will get 45% of EnscoRowan.