Transocean to sell two jack-ups

Rig sale: Transocean to sell two jack-ups

Transocean today hung the “for sale” sign on two cantilever jack-up rigs stacked off Malaysia – the Transocean Shelf Explorer and Transocean Nordic.

Both three-legged units are capable of operating in 300 feet of water and drilling down to a depth of at least 20,000 feet.

Both are also about 30 years old. The Transocean Nordic, a CFEM T-2600-C1 design, was built in 1984 in Dunkirk, France, and modified in 1996.

Built in 1982, also in Dunkirk, Transocean Shelf Explorer is a CFEM T-2005-C cantilever design.

It was not disclosed whether the units would be sold for other purposes or for scrap.

The jack-ups were “reclassified as held for sale” according to the fleet status report dated 15 March which was released on Thursday.

In 2008, Transocean agreed to sell the Transocean Nordic to Gulf Petroleum Investment for $170 million, but the Kuwaiti shareholding company terminated the deal for undetermined reasons.

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