Prior to the deal, Gordon Technologies, based in Louisiana, was primarily owned by Houston-based private equity firm Pelican Energy Partners
The $180m equity stake marks the initial strategic investment by Alpha Dhabi in the venture
The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m
The contracts are valued at $1.3bn for Integrated Drilling Services and $700m for the provision of four island drilling units
The investments are in the form of procurement awards to contractors