Company: RIG
Filing Date: 2025-06-03
Form Type: 8-K
Source: 0001451505-25-000053
Chunk: 0

Company: Transocean Ltd.
Filing Date: 2025-06-03
Form: 8-K
Item: Item 2.06
Chunk 0
---
Item 2.06

Material Impairments.

On June 3, 2025, Transocean Ltd. (the “ Company”) announced that it intends to dispose of, by sale to a third party or by recycling, the following rigs: GSF Development Driller Iand Discoverer Luanda, which are classified as held for sale as of May 30, 2025.

The Company is also evaluating the commercial feasibility of disposing of, by sale to a third party or by recycling, the Development Driller IIIand Discoverer Inspiration, which were previously classified as held for sale.

As a result of the decisions taken by the Company on May 30, 2025, the Company concluded that it expects its second quarter 2025 results to include an estimated non-cash charge ranging between $1.1 billion and $1.2 billion associated with the impairment of these rigs and related assets.

Item 3.02Unregistered Sales of Equity Securities.