Transocean LTD RIG

Transocean Ltd. provides offshore drilling services for oil and gas well extractions. Founded in 1926, the company is headquartered in Steinhausen, Switzerland, and operates worldwide. It has locations in the United States, Switzerland, Angola, Brazil, the Cayman Islands, Hungary, India, the Netherlands, Norway, Singapore, Thailand, and the United Kingdom. The company implements strict health, safety, and environmental practices in its operations. Transocean upholds international human rights principles when sourcing, employing, and contracting workers.

The company, which mainly focuses on deepwater and harsh environment drilling exploits, provides drilling rigs, associated equipment and accessories, and drilling workforces for oil drilling and gas well operations. Transocean endeavours to keep its operations incident-free without negatively impacting the environment. As of February 2021, the company either owns, partially owns, or manages and operates a fleet of 37 mobile offshore drilling units. These include 27 ultra-deepwater and 10 harsh environment floaters. The ultra-deepwater rigs handle depths of up to 12,000 feet with maximum drilling ranges of up to 40,000 feet.

Transocean contracts its services to integrated oil companies, government-owned oil companies, government-controlled oil companies, and other independent operators. The company is publicly listed on the NYSE under the RIG ticker.

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