WINTER ONLINE EXTRAS
GALLERY: Customer Appreciation Reception
GALLERY: 2012 Beach Cleanup
GALLERY: 2012 Komen Houston Events
MEASURING OUR SUCCESS
Spotlight On: Terry Bonno
September 10 marked a milestone for Transocean in implementing our asset strategy with the announcement to sell 37 of our standard jackups and a swamp barge to Shelf Drilling, a new company. The transaction is more than a business agreement; it represents Transocean’s commitment to refocus our efforts on high-specification drilling rig operations. The transaction also moves us closer to achieving our vision by providing long-term value to our customers, employees and shareholders.
The transaction is expected to close in the fourth quarter of 2012. Transocean will continue to provide various services to Shelf Drilling for a set time period. Steven L. Newman, Transocean Ltd. President and Chief Executive Officer, said, “I commend everyone involved in reaching this agreement - the support and cooperation has been extraordinary. In addition, I look forward to further progress to create two companies better able to compete and to provide value to their respective stakeholders.”