Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.
December 05 2018 - 2:58PM
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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