2023-04-20 03:13:18 ET
- Transocean ( NYSE: RIG ) and Eneti ( NYSE: NETI ) to form a joint venture company that will engage in offshore wind foundation installation activities.
- Transocean’s experience operating a global fleet of offshore drilling rigs to a diverse base of energy-producing customers on long-term contracts will be combined with Eneti’s experience, through Seajacks International installing more than 500 wind turbine foundation components and executing 'Transport and Installation contracts' at wind farms in Japan, Germany and Scotland.
- The JV would benefit from the experience of both partners across their respective core businesses providing offshore services.
- Eneti ( NETI ) and Transocean ( RIG ) have the right, but not the obligation, to invest in the JV along with other financial partners.
For further details see:
Transocean and Eneti join hands for offshore wind foundation installation