Transocean to buy $195 million 'jackup' rig
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.
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.