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