A subsidiary of Switzerland-based offshore drilling giant Transocean has reached an agreement with an undisclosed client to sell one of its ultra-deepwater semi-submersible drilling platform.
Transocean has agreed to sell its fifth-generation semi-submersible drilling platform Deepwater Nautilus and related assets for $53.5 million, according to a document filed with the U.S. Securities and Exchange Commission on Monday (June 24th). The transaction is expected to close in the third quarter of 2024.
As part of Transocean’s ongoing efforts to dispose of non-strategic assets, the company decided on June 17, 2024 to authorize the sale of the drilling platform and related equipments, a move that is expected to result in a non-cash impairment charge in the second quarter of 2024 in the range of $140 million to $150 million.
According to Transocean’s website, the semi-submersible drilling platform Deepwater Nautilus, which was built in 2000 by a South Korean shipyard and significantly upgraded in 2007.
Classed by Det Norske Veritas (DNV), it is 374 feet long, 308 feet wide and 136 feet deep, with an operating water depth of 8,000 feet and a maximum drilling depth of 30,000 feet. It can accommodate 166 people.
