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Transocean said to be eyeing Sembmarine's West Rigel rig

Transocean's acquisition would deliver a "huge positive" on Sembmarine, freeing up capital locked up in the West Rigel project and bolstering the yard group's cash flows.


TALK about New York-listed Transocean looking to acquire the US$568 million West Rigel has buoyed hopes over Sembcorp Marine emerging unscathed from the insolvency risk confronting the rig's originally intended owner, Seadrill.

A UOB Kay Hian research note on Thursday

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