Transocean moves on Ocean Rig

TRANSOCEAN has taken the lead in market leader for consolidation in the offshore drilling industry with the announcement of its acquisition of rival Ocean Rig, in the wake of its successful US$3.4 billion move on Songa Offshore.

06 September 2018
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The deal is a cash and scrip deal valued at $2.7 billion, inclusive of Ocean Rig's net debt and follows Ocean Rig's major restructure in September 2017.

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