Rig company Transocean is booking a huge impairment following the sale of its jack-up fleet to newly-established Borr Drilling.
Transocean, with US roots but based in Switzerland, has impaired a total USD 1.6 billion due to the transaction, informs the company in a press release.
Get full access for you and your coworkers.Start a free company trial today
Already a member? Log in.