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    Asset rationalisation at TSF

    News // April 5, 2001
    Offshore Shipbrokers Ltd reports that Transocean Sedco Forex (TSF) is preparing for a large asset rationalisation programme to assist with its current US$4.6 billion debt burden.

    One asset under review is the Floating Production, Storage & offloading (FPSO) platform Seillean, which is currently operating on the Roncador field in Brazil, where she is due to remain until March 2003.

    Other assets under review include a total of four jack-up drilling units, a quartet of anchor handling units, two platform rigs, nine barges and 13 land rigs.

    The total value of the assets is thought to be around US$400-500m.

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