Transocean completes $1.35B deal to sell jack-up rig fleet

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Transocean Ltd. (NYSE: RIG), which is based in Switzerland but has its U.S. corporate office in Houston, completed the $1.35 billion deal to sell its jack-up rigs to Borr Drilling Ltd. on May 31. Borr Drilling, an international drilling contractor in the oil and gas industry, announced in March it would buy all of Transocean’s 15 high-specification jack-up rigs. That includes Transocean’s existing fleet of 10 jack-up rigs and five still under construction. The deal includes the remaining contract…


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