---
schema_version: "secwatch.filing_event.v1"
accession: "0001451505-23-000076"
form_type: "8-K"
ticker: "RIG"
cik: "0001451505"
company_name: "Transocean Ltd."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:29:23.375139+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Transocean sells two rigs to Dolphin, takes $60M impairment; wins $184M drilling contract in Australia

## Summary
- Agreed to sell harsh environment floaters Paul B. Loyd Jr. and Transocean Leader to Dolphin Drilling; close expected Q4 2023.
- Expects Q2 2023 non-cash impairment charge of ~$60M on assets classified as held for sale.
- Awarded 16-well binding contract for Transocean Equinox in Australia; adds ~$184M backlog.
- 380-day campaign starts Q1 2025, with options that could extend work into 2028.
- Contract follows previously announced 5-well commitment in Australia starting Q1 2024.

## SEC filing metadata
- accession: 0001451505-23-000076
- form_type: 8-K
- ticker: RIG
- cik: 0001451505
- company_name: Transocean Ltd.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.06, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1451505/000145150523000076/0001451505-23-000076-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1451505/000145150523000076/rig-20230628x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001451505-23-000076
- JSON: https://secwatch.observer/filing/0001451505-23-000076.json
- Plain text: https://secwatch.observer/filing/0001451505-23-000076.txt

## Key facts
- Restructurings & Charges
  Transocean Ltd. announced a impairment with charges of approximately $60 million.
  - Type: impairment
  - Charge: approximately $60 million
  source text: the Company expects its second quarter 2023 results to include an estimated non-cash charge of approximately $60 million associated with the impairment of such assets.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1451505/000145150523000076/0001451505-23-000076-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.