Transocean sends six to scrap

Offshore driller Transocean says it will be retiring six of its ultra-deepwater floaters, all of which are currently cold stacked.

Drillships GSF Jack Ryan, Deepwater Pathfinder, Transocean Marianas and semi-submersible rigs Sedco Energy, Sedco Express and Cajun Express will all be classified as held for sale and then recycled in an environmentally responsible manner.

Jeremy Thigpen, president and CEO of Transocean, commented: “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.”

Transocean said it will recognise an impairment charge of around $1.4bn during the third quarter.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.


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