Thursday, April 2, 2015

Transocean to scrap two more floaters

Transocean to scrap two more floaters: "Transocean announced Wednesday that it intends to scrap, in an environmentally responsible manner, two more 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."

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