Transocean books million-dollar impairment on six rigs

Transocean will now retire several rigs which had already been cold stacked, says the world's largest rig company in a press release.

Photo: Transocean

US-based Transocean informs that six rigs will be retired. The rigs were all previously pulled from the market and cold stacked, as the market is severely strained by an overcapacity of rigs on the market and a shortage of available projects.

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