Transocean has raised $584million to pay for a new vessel.
The vessel firm closed its public offering of $60million in aggregate principal amount of 7.75% senior secured notes due 2024.
A spokesperson said: “The notes are guaranteed by Transocean Ltd., Transocean Inc. and a wholly-owned indirect subsidiary that owns the Deepwater Thalassa. The Notes are secured by a lien on the Deepwater Thalassa and certain other assets related to the rig.
“The net proceeds of approximately $584million from the notes will be used primarily for the purpose of partially financing the construction of the Deepwater Thalassa.”
Earlier this year, Transocean’s newbuild drillship Deepwater Thalassa started a long-term contract with Anglo-Dutch supermajor Shell in the US Gulf of Mexico. The 10-year contract is for Shell’s Stones project.
Stones is located 200mi southwest of New Orleans, Louisiana at about 9500ft water depth, with a reservoir depth of around 26,500ft below sea level.
Transocean has a fleet of 58 mobile offshore drilling units consisting of 29 ultra-deepwater floaters, seven harsh-environment floaters, four deepwater floaters, eight midwater floaters and 10 high-specification jackups. In addition, the company has five ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed.