Prior notification of a concentration (Case M.11672 – ADRILL / ADH / EV) – Candidate case for simplified procedure
Date: 2024-10-29
Institutions: Directorate-General for Competition, European Commission
Subjects: data processing, economic concentration, extraction of oil, gas industry, investment company, merger control, offshore oil structure, video surveillance








C_202406599EN.000101.fmx.xml












Official Journal of the European Union


EN
C series













C/2024/6599


29.10.2024






Prior notification of a concentration
(Case M.11672 – ADRILL / ADH / EV)
Candidate case for simplified procedure
(Text with EEA relevance)
(C/2024/6599)


1.   
On 22 October 2024, the Commission received notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1).
This notification concerns the following undertakings:






—


ADNOC Drilling Company P.J.S.C. (‘ADRILL’, United Arab Emirates), controlled by the State-owned entity Abu Dhabi National Oil Company P.J.S.C. (‘ADNOC’, United Arab Emirates),










—


Alpha Dhabi Holding P.J.S.C. (‘ADH’, United Arab Emirates),










—


EV Holdings Limited (‘EV’, UK).




ADRILL and ADH will acquire within the meaning of Article 3(1)(b) of the Merger Regulation control of the whole of EV.
The concentration is accomplished by way of purchase of shares.


2.   
The business activities of the undertakings concerned are the following:






—


ADRILL is an onshore and offshore drilling and oilfield service operator, forming part of ADNOC’s integrated network of businesses operating across the value chain,










—


ADH is an investment company with holding companies operating in healthcare, renewable energy, petrochemicals, and various other industries, including real estate, construction, and hospitality,










—


EV is a downhole camera business which provides downhole camera tools, visual analytics, and diagnostics and cased hole data acquisition, data processing, and data delivery services for the oil field services value chain.






3.   
On preliminary examination, the Commission finds that the notified transaction could fall within the scope of the Merger Regulation. However, the final decision on this point is reserved.
Pursuant to the Commission Notice on a simplified treatment for certain concentrations under Council Regulation (EC) No 139/2004 on the control of concentrations between undertakings (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.


4.   
The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
Observations must reach the Commission not later than 10 days following the date of this publication. The following reference should always be specified:
M.11672 – ADRILL / ADH / EV
Observations can be sent to the Commission by email or by post. Please use the contact details below:
Email: COMP-MERGER-REGISTRY@ec.europa.eu

Postal address:





European Commission




Directorate-General for Competition




Merger Registry




1049 Bruxelles/Brussel




BELGIQUE/BELGIË







(1)  
            OJ L 24, 29.1.2004, p. 1 (the ‘Merger Regulation’).

(2)  
            OJ C 160, 5.5.2023, p. 1.


ELI: http://data.europa.eu/eli/C/2024/6599/oj
ISSN 1977-091X (electronic edition)