Transocean Ltd.
RIG RIGN announced today that at approximately noon
Rio De Janeiro time (11 a.m., ET), September 27, 2012, the federal
court in Rio de Janeiro served the company with a preliminary
injunction requiring that it cease operations in Brazil within 30
calendar days from the date of service. The company is vigorously
pursuing the overturn or suspension of the preliminary injunction,
including through an appeal to the Superior Court of Justice. Absent
relief from the courts, Transocean will be required to comply with
the preliminary injunction.
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