Profile: Transocean Ltd (RIG.N)
29 Jul 2016
Transocean Ltd., incorporated on August 18, 2008, is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews primarily on a day rate basis to drill oil and gas wells. The Company operates through the contract drilling services segment. The Company specializes in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. The Company's mobile offshore drilling fleet consists of floaters and high-specification jackups used in support of offshore drilling activities and offshore support services across the world. The Company owns or has partial ownership interests in and operates over 60 mobile offshore drilling, including approximately 30 ultra-deepwater floaters, over seven harsh environment floaters, over five deepwater floaters, over 10 midwater floaters and approximately 10 high-specification jackups. The Company has approximately six ultra-deepwater drillships and over five high-specification jackups under construction or under contract to be constructed.
The Company is engaged in over two types of drilling activity: floaters, including drillships and semisubmersibles, and jackups. The Company categorizes the drilling units of its fleet as ultra-deepwater floaters, harsh environment floaters, deepwater floaters, midwater floaters and harsh environment floaters. Ultra-deepwater floaters are equipped with high-pressure mud pumps and are capable of drilling in water depths of approximately 7,500 feet or greater. A harsh environment floater are capable of drilling in harsh environments in water depths between 1,500 and 10,000 feet and has displacement, which offers variable load capacity, useable deck space and motion characteristics. Deepwater floaters are those other semisubmersible rigs and drillships capable of drilling in water depths between 4,500 and 7,500 feet. Midwater floaters consist of those non-high-specification semisubmersibles that have a water depth capacity of approximately 4,500 feet. High-specification jackups have high capacity derricks, drawworks, mud systems and storage and have a water depth capacity of between 350 and 400 feet. The Company's drilling fleet was located in the United Kingdom North Sea, the United States Gulf of Mexico, Trinidad, Norway, Brazil, Angola, Thailand, India, Malaysia, Nigeria, Australia, Canada, Gabon, Ivory Coast, Myanmar, Romania, Singapore, South Africa, Spain and the United Arab Emirates. The Company's contract drilling operations are geographically dispersed in oil and gas exploration and development areas across the world.
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