Transocean Ltd is one of the world's largest offshore drilling contractors, providing drilling services to oil and gas companies globally. The company was founded in 1973 as Sonat Offshore Drilling Inc. and later changed its name to Transocean Offshore Inc. It adopted its current name, Transocean Ltd, in 2000 following a merger with Sedco Forex Offshore.
Transocean's primary business is the operation of offshore drilling rigs used for exploring and extracting oil and gas reserves from beneath the ocean floor. The company owns and operates a diverse fleet of drilling rigs, including ultra-deepwater drillships, deepwater semisubmersibles, and shallow-water jack-up rigs. These rigs are capable of operating in various water depths and challenging offshore environments, providing clients with drilling solutions tailored to their specific needs.
Transocean's customers include major oil and gas companies, national oil companies, and independent operators. The company's drilling services play a critical role in the exploration and production activities of these clients, enabling them to access energy resources in offshore locations around the world.
In addition to its fleet of drilling rigs, Transocean offers integrated well services, which include engineering, procurement, construction, and maintenance services to support drilling operations. The company's focus on safety and operational excellence is paramount, given the challenging and hazardous nature of offshore drilling activities.
Transocean has a global presence, with operations and offices in various regions, including North America, South America, Europe, Africa, and Asia. The company's extensive geographical footprint positions it as a leading player in the offshore drilling industry, serving customers in key energy-producing regions worldwide.