Transocean Is Said to Put Middle East Rigs Up for Sale -Reuters

Date : 06/14/2012 @ 1:01PM
Source : Dow Jones News
Stock : Transocean Ltd (Switzerland) (RIG)
Quote : 11.93  0.33 (2.84%) @ 3:59PM

Transocean Is Said to Put Middle East Rigs Up for Sale -Reuters

Transocean (NYSE:RIG)
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Transocean Ltd. (RIG) has put its Middle East rig assets up for sale, with private equity firms Lime Rock Partners and Castle Harlan emerging as the main bidders in a deal likely to raise $1 billion for the offshore driller, Reuters reported Thursday on its website, citing three people with knowledge of the matter.

About 30 rigs are involved, one person said. A Transocean spokesman told Reuters the company would not comment on "market speculation."

Full story at: www.reuters.com/article/2012/06/14/transocean-gulf-sale-idUSL5E8HE9MY20120614

Write to nymonitoring@dowjones.com

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