Offshore drilling giant Transocean has become even bigger as it on Wednesday evening announced the completion of the acquisition of Ocean Rig UDW, an ultra-deepwater drilling specialist. However, it’s not the size that’s driving the acquisition, it’s the quality.
In a brief update, Transocean said the acquisition added nine high-specification ultra-deepwater drillships, two harsh environment semi-submersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet. These two newbuilds are expected to be delivered in the third quarter of 2019 and the third quarter of 2020, respectively.
Leave a Reply