Transocean agrees to buy Ocean Rig in billion dollar deal
Rig behemoth Transocean will acquire Ocean Rig in a transaction valued at close to USD 2.7 billion and may reactivate two to three mothballed rigs a year as the industry embarks on a full-fledged recovery for deepwater exploration.
BY WILL WADE, David Wethe, bloomberg news | SHIPPINGWATCH
Transocean has agreed to buy Ocean Rig Inc. in a cash and stock deal valued at about USD 2.7 billion, including debt.
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