Transocean books huge impairment on rig sale

Transocean makes a USD 1.6 billion impairment after selling its jack-up fleet to Borr Drilling, which was established in March by former executives from John Fredriksen's empire. The deal for the 15 rigs is worth a total USD 1.35 billion.

BY NIKLAS KRIGSLUND, SHIPPINGWATCH

Rig company Transocean is booking a huge impairment following the sale of its jack-up fleet to newly-established Borr Drilling.

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