Transocean Appoints Advisor for GSF Arctic II, GSF Arctic IV Divestiture

Transocean Inc. reported that a subsidiary is proceeding with the divestitures of its GSF Arctic II and GSF Arctic IV semisubmersible rigs and has secured a third-party advisor. The divestitures are in furtherance of the company's previously announced undertakings to the Office of Fair Trading in the United Kingdom (OFT) made in connection with the company's merger with GlobalSantaFe Corporation.

Effective immediately, the company has engaged Simmons & Company International to manage the marketing and sale of the two rigs. Interested parties should contact Matt Pilon or Todd Parsapour at Simmons & Company International at +1 (713) 236-9999.