Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/transocean-ltd-takes-decision-to-scrap-two-floater.shtmlTransocean Ltd. takes decision to scrap two floaters
Transocean Ltd. intends to scrap, in an environmentally responsible manner, the following two rigs: GSF Aleutian Key and Sedco 707.
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Transocean Ltd. intends to scrap, in an environmentally responsible manner, the following two rigs: GSF Aleutian Key and Sedco 707. These rigs are classified as held for sale.
As a result of this decision, the company expects its first quarter 2015 results to include an estimated non-cash charge of $90 million to $110 million, net of taxes.
Including these two rigs, Transocean has announced plans to scrap a total of 18 floaters. As the company continues to evaluate the long-term competitiveness of its fleet, additional rigs may be identified as candidates for scrapping.
