Transocean doubles deficit in third quarter

The world's second-largest rig operator Transocean doubled its loss in the third quarter, booking a large million-dollar deficit. Major impairments on three floating rigs especially contributed to dragging down the bottom line.

Photo: PR/Transocean

The world's second-largest rig operator, Transocean, lost USD 825 million on its bottom line in the third quarter.

This deficit is nearly twice at large as the USD 409 deficit booked in the same quarter of 2018, shows the company's third-quarter interim report published Tuesday.

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