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Monday, March 4, 2013

BRIEF-Transocean CFO says up to 3 rigs could go into potential MLP, (NYSE: RIG)

Transocean Ltd : * CFO says Q1 revenue efficiency to be a few pctg points lower due to bolts replacement * CFO says to lower liquidity target to $3.5 billion to $4.5 billion from $5-6billion previously due to partial macondo settlement * CFO says up to 3 deepwater Transocean rigs could potentially go into mlp, butinvestors would have to "wait and see"

Transocean Ltd. (Transocean) is an international provider of offshore contract drilling services for oil and gas wells. Shares of RIG traded higher by 0.31% or $0.16/share to $52.31. In the past year, the shares have traded as low as $39.32 and as high as $59.50. On average, 3527520 shares of RIG exchange hands on a given day and today's volume is recorded at 5173582.