TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Other Events

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TRANSOCEAN LTD. (NYSE:RIG) Files An 8-K Other Events

Item 8.01Other Events.

On May 31, 2017, Transocean Ltd. announced the completion the
previously disclosed transaction to sell its jackup fleet to Borr
Drilling Limited for a total consideration of approximately $1.35
billion. The sale included the companys 10 high-specification
jackups and 5 jackups under construction at Keppel FELS Limiteds
shipyard in Singapore.

A copy of the press release announcing the sale of the jackup
fleet is being furnished herewith as Exhibit 99.1 and is
incorporated herein by reference.

Item 9.01Financial Statements and Exhibits.

(d) Exhibits.

ExhibitNo.

Description

99.1

Press release announcing sale of jackup fleet


About TRANSOCEAN LTD. (NYSE:RIG)

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company’s primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Its mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling , including approximately 30 ultra‑deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups.

TRANSOCEAN LTD. (NYSE:RIG) Recent Trading Information

TRANSOCEAN LTD. (NYSE:RIG) closed its last trading session down -0.18 at 9.09 with 13,040,762 shares trading hands.