General – Minerals
Drilling company Transocean has made a non-controlling investment in DEME Group’s subsidiary GSR, through the contribution of an ultra-deepwater drilling vessel and cash investment.
The vessel will be converted for a system integration test to explore the technical and environmental feasibility of recovering nodules in ultra-deepwater.
The alliance will strengthen GSR’s subsea experience and thereby contribute to its leadership position in the deep seabed minerals sector.
As part of its investment, Transocean is contributing the vessel Ocean Rig Olympia for GSR’s ongoing exploration work, a cash investment and engineering capacity.