GIBSON, DUNN & CRUTCHER LLP ADVISES GULF CAPITAL

Gibson, Dunn & Crutcher LLP has advised Gulf Capital in its investment in a significant majority stake of OCB Oilfield Services FZCO (OCB), the leading oil and gas crew supply and related logistics provider in the Middle East, South East Asia and Africa. 

Gibson Dunn’s deal team comprised Paul Harter (Dubai partner, corporate), Dalia Al-Sayeh (Dubai associate, corporate), Karthik Ashwin Thiagarajan (Singapore associate, corporate) and Hanna Chalhoub (Dubai associate, corporate). 

OCB is specialised in supplying rig crews to offshore oil and gas drilling companies. Gulf Capital has invested in acquiring a controlling stake in OCB, exceeding 51%. This latest investment is part of Gulf Capital’s increasing focus on the offshore oil and gas industry, a fast growing sector where it is actively involved. 

Commenting on the successful investment, Dr. Karim El Solh, chief executive officer of Gulf Capital said: “This strategic acquisition in an oil and gas services market leader, with significant prospects for growth organically and in new markets, is in line with Gulf Capital’s  strategy of investing in market leaders in defensive and fast growing sectors in the region. OCB is the number one company when it comes to this niche market of outsourcing crew and providing logistics services to oil and gas drilling companies in the Middle East, South East Asia and Africa. It has grown rapidly in recent years, with an impressive list of clients. Its upward trend is expected to continue as offshore oil and gas drilling activities increase significantly in the future.”