Transocean Plans to Sell Off Five Stacked Rigs to Streamline Fleet

Core Insights - Transocean Inc. plans to offload five stacked rigs, including four ultra-deepwater drillships and one semi-submersible rig, to optimize its rig fleet [1][9] - The company expects to incur a non-cash charge of $1.9 billion related to the disposal of these rigs in the third quarter of 2025 [4][9] - The decision aligns with Transocean's strategy to streamline its fleet and focus on high-specification assets for long-term profitability [4][9] Details of the Rigs - The drillships being sold include Discoverer Clear Leader, Discoverer Americas, Deepwater Champion, and Discoverer India, all built between 2009 and 2011 [2][3][9] - Discoverer Clear Leader has a maximum drilling depth of 40,000 feet and has been stacked since June 2019 [2] - Discoverer Americas can operate in water depths of 12,000 feet and has been stacked since April 2016 [3] - Discoverer India, operational since 2010, can accommodate 220 people and has been stacked since July 2020 [3] - Deepwater Champion has been stacked since February 2016 [3] - The semi-submersible rig Henry Goodrich has been stacked since March 2020 [3] Financial Impact - The anticipated non-cash charge of $1.9 billion is likely related to impairment charges due to the rig disposals [4] - This move is part of Transocean's efforts to manage its fleet more efficiently and support long-term profitability [4]