Transocean Ltd. shareholders approve Ocean Rig acquisition

Source: press release, 29 November 2018

Transocean specialises in technically demanding environments, specifically ultra-deepwater and harsh environments (photo: Transocean)
Transocean specialises in technically demanding environments, specifically ultra-deepwater and harsh environments (photo: Transocean)

Transocean Ltd. has announced that its shareholders approved the acquisition of Ocean Rig UDW Inc., by approving the proposals presented at Transocean’s Extraordinary General Meeting.

“We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig,” says Jeremy Thigpen, President and CEO.

“Through this combination, Transocean further enhances our industry-leading fleet of high specification floaters, thus improving our competitive position. We are excited to begin actively marketing these assets into the growing list of opportunities we continue to see emerging across our global customer base.” Thigpen concluded, “We look forward to closing the transaction in the coming days and welcoming Ocean Rig’s experienced crews into the company,” Thigpen adds.