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."
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Manages 53 Offshore Rigs
- Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount (Oct 18)
- Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B (Aug 15)
- Borr Drilling Signs Deal With Transocean to Buy 15 Rigs (Mar 20)