Transocean Sees ~$1.9b Charge in 3Q Related to Rigs Sale

Transocean intends to sell some rigs to a third party for recycling or alternative use.

Transaction includes rigs which are classified as held for sale: Discoverer Clear Leader, Discoverer Americas, Deepwater Champion, Henry Goodrich and Discoverer India
Expects 3Q results to include non-cash charge of about $1.9 billion associated with impairment of these assets

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Lin Cheng in New York at lcheng97@bloomberg.net

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Zachary Fleming at zfleming2@bloomberg.net

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