ORIG Ocean Rig UDW Inc

Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.

Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.

STEINHAUSEN, Switzerland, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of 52 mobile offshore drilling units consisting of 32 ultra-deepwater floaters, 14 harsh environment floaters, two deepwater floaters and four midwater floaters. In addition, Transocean is constructing four ultra-deepwater drillships; and one harsh environment semisubmersible in which the company has a 33.0% interest.

Analyst Contacts:

Bradley Alexander

Lexington May

Media Contact:

Pam Easton

EN
05/12/2018

Underlying

ORIGOcean Rig UDW Inc

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Reports on Ocean Rig UDW Inc

 PRESS RELEASE
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ORIG Ocean Rig UDW I...

Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc.

Transocean Ltd. Closes the Acquisition of Ocean Rig UDW Inc. STEINHAUSEN, Switzerland, Dec. 05, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it has completed the acquisition of Ocean Rig UDW Inc. The acquisition adds nine high-specification ultra-deepwater drillships, two harsh environment semisubmersibles, and two high-specification ultra-deepwater drillships currently under construction to Transocean’s existing fleet. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company sp...

December 5, 2018 1 EN
 PRESS RELEASE
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ORIG Ocean Rig UDW I...

Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd.

Ocean Rig UDW Inc. Shareholders Approve Merger with Transocean Ltd. GRAND CAYMAN, Cayman Islands, Nov. 29, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), (“Ocean Rig” or the “Company”), an international contractor of offshore deepwater drilling services, today announced that its shareholders have approved the merger of the Company with Transocean Ltd. (“Transocean”) by which, upon the closing of the merger, Ocean Rig will become a wholly-owned subsidiary of Transocean (the merger to form the “Combined Entity”).  Holders of 86.76% of the outstanding shares of Ocean Rig voted, o...

November 29, 2018 1 EN
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ORIG Ocean Rig UDW I...

Ocean Rig UDW Inc. Reports Financial and Operating Results for the Thi...

Ocean Rig UDW Inc. Reports Financial and Operating Results for the Third Quarter 2018 GRAND CAYMAN, Cayman Islands, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), (“Ocean Rig” or the “Company”), an international contractor of offshore deepwater drilling services, today announced its unaudited financial and operating results for the quarter ended September 30, 2018. Third Quarter 2018 Financial Highlights • For the third quarter of 2018, the Company reported net loss of $31.5 million, or $0.34 basic and diluted loss per share. Included in the net loss for the third ...

November 13, 2018 1 EN
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ORIG Ocean Rig UDW I...

Ocean Rig UDW Inc. Announces Third Quarter 2018 Results Release Date

Ocean Rig UDW Inc. Announces Third Quarter 2018 Results Release Date GRAND CAYMAN, Cayman Islands, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG) (“Ocean Rig” or “UDW” or the “Company”), an international contractor of offshore deepwater drilling services, announced today that it will release its results for the third quarter 2018 after the market closes in New York on Tuesday, November 13, 2018. About Ocean Rig UDW Inc. Ocean Rig is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and producti...

November 9, 2018 1 EN
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ORIG Ocean Rig UDW I...

Ocean Rig UDW Inc. Announces Date of Extraordinary General Meeting to ...

Ocean Rig UDW Inc. Announces Date of Extraordinary General Meeting to Approve Merger With Transocean Ltd. GRAND CAYMAN, Cayman Islands, Oct. 09, 2018 (GLOBE NEWSWIRE) -- Ocean Rig UDW Inc. (NASDAQ:ORIG), (“Ocean Rig” or the “Company”), an international contractor of offshore deepwater drilling services, today announced that it has scheduled an extraordinary general meeting of shareholders (the “Special Meeting”) to, among other things, consider and vote on a proposal to approve and adopt the previously announced Agreement and Plan of Merger, dated as of September 3, 2018, by and among Oce...

October 9, 2018 1 EN

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