Samsung Heavy Industries Co. has signed a deal worth US$245 million with a European firm to sell the drillship it could not deliver following a botched deal. The drillship that was sold off to the European company is one of two drillships that offshore driller Transocean Ltd. had relinquished without a reason in 2019 September.
The order for two drillships was placed by Ocean Rig UDW Inc. in consecutive years – 2013 and 2014. In 2018, the company was acquired by Transocean. In June, Samsung...