Swiss-based offshore drilling giant Transocean has entered into an agreement with an undisclosed customer to sell one of its ultra-deepwater floaters.
The company said in a Monday US Securities and Exchange Commission filing that it agreed to sell its 5th-generation semisub Deepwater Nautilus and associated assets for $53.5m.
As part of the company’s ongoing efforts to dispose of non-strategic assets, Transocean decided earlier this month to authorise the sale of the rig and associated equipment, which it expects will result in an estimated non-cash charge for the second quarter of 2024 ranging between $140m and $150m in impairments.
The offshore driller expects to close the transaction for the 2000-built rig in the third quarter of 2024.
