Transocean announced its intent to retire the
ultra-deepwater floaters GSF Jack Ryan, Sedco Energy, Sedco
Express, Cajun Express, and Deepwater Pathfinder, and the
deepwater floater Transocean Marianas.
The rigs will be classified as held for sale and will be recycled
in an environmentally responsible manner. All six rigs were
previously cold stacked.
The company will recognize an impairment charge of approximately
$1.4 billion during the third quarter of 2017 associated with
"We continue to enhance the quality of our fleet through the
addition of new, high-specification assets, and the retirement of
older, less competitive rigs," said Jeremy Thigpen, President and
Chief Executive Officer. "We remain committed to providing our
customers with the most technically capable and highest quality
ultra-deepwater and harsh environment assets in the industry, and
will continue to objectively evaluate our rigs and high-grade our
fleet as the market evolves."
Transocean is a leading international provider of offshore
contract drilling services for oil and gas wells. The company
specializes in technically demanding sectors of the global
offshore drilling business with a particular focus on deepwater
and harsh environment drilling services, and believes that it
operates one of the most versatile offshore drilling fleets in
Transocean owns or has partial ownership interests in, and
operates a fleet of 38 mobile offshore drilling units consisting
of 25 ultra-deepwater floaters, seven harsh environment floaters,
two deepwater floaters and four midwater floaters.
In addition, Transocean has four ultra-deepwater drillships under
construction or under contract to be constructed. The company
also operates two high-specification jackups that were under
drilling contracts when the rigs were sold, and the company
continues to operate these jackups until completion or novation
of the drilling contracts.