Transocean completes $1.35B deal to sell jack-up rig fleet

Transocean Ltd. (NYSE: RIG), which is based in Switzerland but has its U.S. corporate office in Houston, completed the $1.35 billion deal to sell its jack-up rigs to Borr Drilling Ltd. on May 31.

Borr Drilling, an international drilling contractor in the oil and gas industry, announced in March it would buy all of Transocean’s 15 high-specification jack-up rigs. That includes Transocean’s existing fleet of 10 jack-up rigs and five still under construction.

The deal includes the remaining contract…

Transocean completes $1.35B deal to sell jack-up rig fleet syndicated post

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s