Transocean to sale two jack-up rigs

Posted By: Religare
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World's largest offshore drilling company Transocean has announced to sell two of its cantilever jack-up rigs stacked off Malaysia - the Transocean Shelf Explorer and Transocean Nordic.

30 years old rigs hold the capacity of operating in 300 feet of water and drilling down to a depth of at least 20,000 feet.

CFEM T-2600-C1 designed, the Transocean Nordic was commenced in 1984 in Dunkirk, France and was later modified in 1996.

On the other hand, Transocean Shelf Explorer, a CFEM T-2005-C cantilever design was started in the 1982 at Dunkirk, France.

However, it was not yet confirmed that whether the units would be sold for other purposes or for scrap.

As per certain media report, the jack-ups were "reclassified as held for sale.

Few years back in 2008, Transocean agreed to sell the Transocean Nordic to Gulf Petroleum Investment for USD 170 million, but the deal could not be finalized after Kuwaiti shareholding company withdrawn from the deal for undetermined reasons.

Story first published: Friday, March 16, 2012, 13:32 [IST]
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