Transocean Ltd. and partners have formed a joint venture to acquire Hull 3623, a high-specification ultra-deepwater drillship, for approximately $200 million, enhancing their operational fleet and market position.

Information on the Target

Transocean Ltd. has announced a significant investment through its subsidiary, in collaboration with Perestroika A.S. and funds managed by Lime Rock Management L.P., to establish a joint venture known as Liquila Ventures Ltd. This joint venture has entered into an agreement with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME) to acquire Hull 3623, an ultra-deepwater newbuild drillship previously referred to as West Aquila, for an estimated $200 million.

Hull 3623 is a cutting-edge, seventh-generation drillship, designed with high specifications including a hookload capacity of 1400 short tons. The drillship features a spacious deck, impressive load capabilities, and is equipped with technology for dual-stack operations, increasing its versatility in various offshore environments. The rig's delivery from DSME is projected for the third quarter of 2023.

Industry Overview in the Specific Country

The offshore drilling industry in Switzerland, while not its primary hub, is significantly influenced by major international players like Transocean, which is headquartered in Steinhausen. The sector primarily focuses on providing drilling solut