We are closely monitoring the situation in Egypt to see if it may affect our offshore drillers. To date, we have not seen anything that will have a material impact on our fair value estimates. Transocean RIG and Diamond Offshore DO , which have rigs in the region, have evacuated the families of the offshore workers as a precaution. Transocean is the most exposed contractor, with 10 rigs in the region, although only 5 are currently working. The potentially affected active rigs are the drillship Discoverer Americas and jackups GSF Constellation II, GSF Rig 105, GSF Rig 141, and Transocean Comet.
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Source: The Star
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