FINANCE LEASE

6 Months Ended

Jun. 30, 2025

Finance Lease Abstract

FINANCE LEASE

11. FINANCE LEASE

Transocean entered into a finance lease agreement with maximum lease term of 5 years. During the six months ended June 30, 2025 and 2024, Transocean recognized interest income on lease receivable of $16,201 and nil, respectively.

The following table sets out a maturity analysis of lease receivable, showing the undiscounted lease payments to be received after the reporting date. 

	$
Less than 1 year		79,574
One to two years		79,574
Two to three years		79,574
Three to four years		79,574
Four to five years		3,083,430
Total undiscounted lease receivable		3,401,726
Less: Unearned finance income		148,865
Net investment in lease		3,252,861