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RIG Stock - Transocean Ltd.


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Transocean Ltd., along with its subsidiaries, is a leading provider of offshore contract drilling services for oil and gas wells globally. The company specializes in the leasing of mobile offshore drilling rigs, along with the necessary equipment and experienced work crews required to perform drilling operations. Transocean’s services are integral to the exploration and extraction of hydrocarbons in challenging offshore environments.

As of February 14, 2022, Transocean operated a fleet of 37 mobile offshore drilling units, which includes 27 ultra-deepwater rigs and 10 harsh environment floaters. This diverse fleet enables the company to undertake a wide range of drilling projects, from deepwater and ultra-deepwater exploration to operations in harsh and ice-prone environments. The company's expertise in managing and operating these sophisticated rigs underpins its role as a critical service provider in the offshore drilling sector.

Transocean serves a broad client base, including integrated energy companies, government-owned or government-controlled oil enterprises, and independent energy firms. This extensive client portfolio reflects the company’s ability to cater to various segments of the oil and gas industry, offering tailored solutions that meet the specific needs of each customer. Transocean's strategic focus on high-specification and technologically advanced drilling units positions it as a key player in the offshore drilling market.

Founded in 1926 and headquartered in Steinhausen, Switzerland, Transocean Ltd. has a long history of innovation and leadership in offshore drilling. The company continues to leverage its extensive experience and technological capabilities to deliver safe and efficient drilling services. By maintaining a modern fleet and focusing on operational excellence, Transocean is well-positioned to address the evolving demands of the global energy market and contribute to the development of offshore resources.

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