Reuters: Transocean Is Said to Put Middle East Rigs Up for Sale

Transocean Ltd. has put its Middle East rig assets up for sale, with private equity firms Lime Rock Partners and Castle Harlan emerging as the main bidders in a deal likely to raise $1 billion for the offshore driller, Reuters reported Thursday on its website, citing three people with knowledge of the matter.

About 30 rigs are involved, one person said. A Transocean spokesman told Reuters the company would not comment on "market speculation."

Click on the link to read the full story.

Copyright (c) 2012 Dow Jones & Company, Inc.

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