Analysts: Transocean’s Acquisition Of Ocean Rig Necessary Consolidation

With the state of doing business in the in the oil rig industry in a state of flux, industry analysts were not at all surprised by the decision of Transocean Ltd. (NYSE: RIG) to acquire Ocean Rig UDW Inc. (NASDAQ: ORIG) for $2.7 billion on Sept. 4.

Transocean is now in line to have the top fleet of premium ultradeepwater and harsh environment rigs.