Transocean finds more work for four midwater rigs
Transocean Ltd , the world's largest offshore drilling contractor, has found more work for four of its 28 midwater rigs, and three secured higher rates, according to its fleet update out on Thursday.
Transocean Ltd. said Monday it has agreed to buy for $195 million a ``jackup'' offshore drilling rig capable of operating in water depths up to 400 feet and building wells 30,000 feet deep.