Sale Closes on Transocean Wildcat

Vildkat Holding Camyan Ltd., a subsidiary of Mike Mullen Energy Resources, has completed the purchase of the Transocean Wildcat from Transocean earlier this month. The rig is a second generation semisub rated to work in water depths up to 1,300' and is currently stacked at Cromarty Firth, Invergordon, Scotland. The rig was built in 1977 in Norway and is an Enhanced Aker H3 certified for North Sea operation in the Norwegian sector.

Negotiations for the sale of the rig were handled by Clarkson Normarine Offshore.

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