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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Major driller merges with US firm in USD 836 million deal
For subscribers
.jpg&w=384&q=75){kind=logo}
