United States

Profile: Transocean Ltd (RIG.N)

RIG.N on New York Stock Exchange

18 Jun 2019
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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 on a dayrate basis to drill oil and gas wells. As of February 9, 2017, the Company owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. Its fleet operates in a single, global market for the provision of contract drilling services.

The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups. Its drilling equipment is suitable for both exploration and development, and it engages in both types of drilling activity. All of its drilling rigs are mobile and can be moved to new locations in response to customer demand. All of its mobile offshore drilling units are designed to operate in locations away from port for extended periods of time and have living quarters for the crews, a helicopter landing deck and storage space for drill pipe, riser and drilling supplies. The Company categorizes the drilling units of its fleet as ultra-deepwater floaters, harsh environment floaters, deepwater floaters, midwater floaters and high-specification jackups.

As February 9, 2017, its ultra-deepwater floaters were equipped with high-pressure mud pumps and were capable of drilling in water depths of 7,500 feet or greater. A harsh environment floater is 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 less than 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. As of February 9, 2017, its drilling fleet was located in the United Kingdom North Sea (11 units), the United States Gulf of Mexico (nine units), Trinidad (nine units), Spain (four units), Brazil (three units), Malaysia (three units), Norway (three units). Thailand (three units), Canada (two units), Congo (two units), India (two units), Angola (one unit), Myanmar (one unit), Romania (one unit), South Africa (one unit) and the United Arab Emirates (one unit).

Company Address

Transocean Ltd

Turmstrasse 30
P: +4141.7490500
F: +41713.2327750

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