Transocean to Sell Two Drillships to Optimize Asset Portfolio
RIGTransocean(RIG) ZACKS·2024-09-04 19:47

Transocean Ltd. (RIG) , a leading offshore drilling contractor, has announced its decision to sell Development Driller III and the Discoverer Inspiration along with associated assets. Valued at $195 million and $147 million, respectively, these transactions are part of RIG's ongoing strategy to streamline its portfolio and dispose of non-strategic assets, totaling $342 million. This move is expected to have substantial financial implications and highlights the company's commitment to improving its financial ...