Transocean falls on rig disposal plan, expects $1.9 billion quarterly impairment charge

Transocean

27/08/2025 22:11

** U.S.-listed shares of offshore drill services firm Transocean RIG.N fall 2.2% to $3.1 in extended trading

** Company stated that it intends to dispose of rigs through sale to a third party for recycling or alternative use

** Rigs classified as held for sale include Discoverer Clear Leader, Discoverer Americas, Deepwater Champion, Henry Goodrich and Discoverer India

** Company adds it expects its Q3 results to include an estimated non-cash charge of about $1.9 billion associated with the impairment of these assets

** Up till last close, stock down 15.5% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))