Transocean Ltd.

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Investigation Details

Transocean announced on September 3, 2024, that it had it agreed to sell the Development Driller III drillship and associated assets for $195 million and the Discoverer Inspiration drillship and associated assets for $147 million, as part of the Company’s effort to dispose of non-strategic assets. The Company further announced that the sales would results in an estimated third-quarter non-cash charge of $630 million to $645 million associated with the impairment of the assets.

Following this news, Transocean’s stock price fell over 8% on September 3, 2024.