You are here

Transocean said to be eyeing Sembmarine's West Rigel rig

BT_20170407_HHSEMB7_2828647.jpg
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.

Singapore

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

sentifi.com

Market voices on:

Powered by GET.comGetCom