Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.
December 05 2018 - 2:05PM
Transocean Ltd. (NYSE: RIG) announced today that it has completed
the acquisition of Ocean Rig UDW Inc. The acquisition adds nine
high-specification ultra-deepwater drillships, two harsh
environment semisubmersibles, and two high-specification
ultra-deepwater drillships currently under construction to
Transocean’s existing fleet.
About Transocean
Transocean is a leading international provider
of offshore contract drilling services for oil and gas wells. The
company specializes in technically demanding sectors of the global
offshore drilling business with a particular focus on deepwater and
harsh environment drilling services, and believes that it operates
the highest specification floating offshore drilling fleet in the
world.
Transocean owns or has partial ownership
interests in, and operates a fleet of 52 mobile offshore drilling
units consisting of 32 ultra-deepwater floaters, 14 harsh
environment floaters, two deepwater floaters and four midwater
floaters. In addition, Transocean is constructing four
ultra-deepwater drillships; and one harsh environment
semisubmersible in which the company has a 33.0% interest.
Analyst Contacts:Bradley
Alexander+1 713-232-7515
Lexington May+1 832-587-6515
Media Contact:Pam Easton+1
713-232-7647
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