Transocean relinquishes two new drilling vessels

Rig operator Transocean now cancels its investments in two drilling vessels currently being built at Samsung Heavy Industries.

Photo: Reuters Staff/Reuters/Ritzau Scanpix

Transocean now calls off two drilling vessels that are being built in South Korea at Samsung Heavy Industries.

In a press release, the rig operator writes that two fully owned subsidiaries relinquish their interests to the shipbuilder in two drilling vessels named Ocean Rig Santorini and Ocean Rig Crete, and they will also no longer make payments on the vessels, which were originally ordered by company Ocean Rig, which was later acquired by Transocean.

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