06:03 PM EDT, 06/03/2025 (MT Newswires) -- Transocean ( RIG ) said late Tuesday it expects to include a non-cash charge of $1.10 billion to $1.20 billion in its Q2 results due to impairment charges of its rigs.

The company said it plans to dispose of its GSF Development Driller I and Discoverer Luanda rigs, held for sale as of May 30.

Transocean ( RIG ) also said it is assessing the commercial feasibility of disposing of, by sale or by recycling, the Development Driller III and Discoverer Inspiration. Both were classified as held for sale.