Transocean (RIG) said late Tuesday it expects to include a non-cash charge of $1.10 billion to $1.20 billion in its Q2 results due to impairment charges of its rigs.
The company said it plans to dispose of its GSF Development Driller I and Discoverer Luanda rigs, held for sale as of May 30.
Transocean also said it is assessing the commercial feasibility of disposing of, by sale or by recycling, the Development Driller III and Discoverer Inspiration. Both were classified as held for sale.