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Lime Rock, Castle Harlan in $1bn bid for Transocean rig assets

15 Jun 2012

US private equity firms Lime Rock Partners and Castle Harlan are said to be bidding for the Middle East rig assets of Switzerland-based Transocean , the world’s largest offshore drilling company, in a deal that is expected to raise $1bn.

The company, which owned the rig destroyed in the 2010 Gulf of Mexico oil spill, has put about 30 rigs up for sale, Reuters reported on Thursday.

The sale process began a while ago and has mainly attracted the attention of private equity firms, the report added.

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