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Investment Summary

Transocean Invests In Ocean Minerals

On March 29, 2022, Transocean invested in metals/mining company Ocean Minerals

Investment Highlights
  • This is Transocean’s 1st transaction in the Metals/Mining sector.
  • This is Transocean’s 2nd transaction in Cayman Islands.
  • This is Transocean’s 2nd transaction in Texas.

Investment Summary
Date 2022-03-29
Target Ocean Minerals
Sector Metals/Mining
Investor(s) Transocean
Deal Type Stake Purchase

Target

Ocean Minerals

Grand Cayman, Texas, Cayman Islands
Ocean Minerals is a company engaged in the exploration of seabed resources containing metals critical to the growing renewable energy market. Ocean Minerals is a provider of Cobalt and Rare Earth Metals sourced from the deep ocean floor to the world’s global resource markets. Ocean Minerals is based in Grand Cayman, Cayman Islands.

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Investor(S) 1

Investor

Transocean

Steinhausen, Switzerland
Category Company
Founded 1926
Sector Oil/Gas Exploration
Employees5,430
Revenue 3.5B USD (2024)
DESCRIPTION

Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. Transocean was founded in 1926 and is based in Steinhausen, Switzerland.

DEAL STATS #
Overall 6 of 7
Sector: Metals/Mining M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Texas M&A 2 of 2
Country: Cayman Islands M&A 2 of 2
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-04 Ocean Rig UDW

George Town, Cayman Islands

Ocean Rig UDW, Inc. is an international offshore drilling contractor providing oilfield services for offshore oil and gas exploration, development and production drilling, and specializing in the ultra-deepwater and harsh environment segment of the offshore drilling industry. Ocean Rig UDW was formed in 1996 and is based in

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-17 Liquila Ventures

Bermuda

Liquila venture's purpose is to acquire a newbuild drillship, Hull 3623, from Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME). The drillship, formerly known as West Aquila, is ultra-deepwater and dual-activity.

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Mergr

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