This article is about the offshore drilling contractor. For the German cruise line, see Transocean Tours.
Transocean Ltd.
Company type
Public
Traded as
NYSE: RIG
ISIN
CH0048265513
Industry
Oilfield services, offshore drilling & equipment
Predecessor
Sonat
Founded
1973; 51 years ago (1973)
Headquarters
Vernier, Switzerland
Key people
Jeremy D. Thigpen, President & CEO Merrill A. Miller, Jr., Chairman Mark L. Mey, CFO Keelan Adamson, COO
Products
Lease and operation of semi-submersible and jack-up drilling rigs and drillships
Revenue
US$3.088 billion(2019) US$1 billion(2018)
Operating income
−US$721 million(2019)
Net income
−US$1.257 billion(2019)
Total assets
US$24.105 billion(2019)
Total equity
US$11.867 billion(2019)
Number of employees
6,600 (2019)
Website
www.deepwater.com
Footnotes / references [1]
Greenway Plaza, the location of Transocean's Houston offices
Transocean Ltd. is an American drilling company.[2] It is the world's largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland. The company has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.[3]
In 2010, Transocean was found partially responsible (30% of total liability) for the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico.[4] Like other companies involved in the petroleum industry, Transocean has experienced a number of other notable industrial accidents including oil spills and worker injury .
The primary business of Transocean is contracts with other large companies in the oil and gas industry. In 2019, Royal Dutch Shell accounted for 26% of the company's revenues, while Equinor accounted for 21% of the company's revenues, and Chevron accounted for 17% of the company's revenues.[5]
^"Transocean Ltd. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
^Albring, Susan M.; Elder, Randal J.; Franklin, Mitchell A. (2019). "Transocean and the History of Tax Inversions". Issues in Accounting Education. 34: 1–12. doi:10.2308/iace-52321. S2CID 158868048.
^"The world's biggest offshore drilling companies". 29 June 2019.
^United States Fifth Circuit Court of Appeals (16 December 2014). "Phase One Trial: Findings of Fact and Conclusions of Law on Gross Negligence and Willful Misconduct" (PDF). EPA. Retrieved 17 January 2022.
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dynamically positioned, semi-submersible offshore drilling rig owned by Transocean and operated by BP. On 20 April 2010, while drilling at the Macondo Prospect...
semi-submersible mobile offshore drilling unit, which was owned and operated by Transocean and drilling for BP in the Macondo Prospect oil field about 40 miles (64 km)...
Transocean Marianas was an Earl & Wright Sedco 700 design semi-submersible platform drilling unit capable of operating in harsh environments and water...
Transocean Air Lines was an airline based in the United States that operated from 1946, when it was established as ONAT (Orvis Nelson Air Transport Company)...
Transocean Tours was a German cruise line that operated ocean-going cruise ships in the German and British markets and river cruise ships in Germany. The...
defective cement on the well, faulting mostly BP, but also rig operator Transocean and contractor Halliburton. Earlier in 2011, a White House commission...
On July 12, 1953, Transocean Air Lines Flight 512, a Douglas DC-6A operated by Transocean Air Lines from Guam to Oakland, California, crashed into the...
(2006) and Songa Delta (2008) was bought from Odfjell Drilling. Before Transoceans acquisition, Songa Offshore SE were the largest semi submersible drilling...
of the Japan Air Self-Defense Force. Naha Airport is the hub for Japan Transocean Air, which connects Okinawa Prefecture with other prefectures of Japan...
cruise ship that most recently sailed for Cruise & Maritime Voyages' Transocean Cruises subsidiary, under which she operated voyages to Europe, South...
SIX Swiss Exchange. Retrieved 24 June 2018. "Extraordinary inclusion of Transocean Ltd in the SMI and SLI indices" (PDF). SIX Swiss Exchange. Retrieved 21...
Prefecture and the Amami Islands, Kagoshima Prefecture. It is owned by Japan Transocean Air (74.5%), Okinawa Prefecture (6.3%), Minamidaito (4,8%) Kumejima (4...
Corporation, which merged with Transocean in November 2007 and operated the vessel as GSF Explorer.[citation needed] In 2010, Transocean bought the vessel for...
bringing that to two to four times that of any other drillship. In 2011 the Transocean drillship Dhirubhai Deepwater KG1 set the world water-depth record at...
exploration well was scheduled to be drilled in 2009. On October 7, 2009 the Transocean Marianas semi-submersible rig commenced drilling, but operations were...
sailed for UK-based Cruise & Maritime Voyages and its German subsidiary Transocean Tours. After Cruise & Maritime Voyages entered administration in 2020...
Services Swire TAM International TechnipFMC Tecnicas Reunidas Tracerco Transocean Trican Well Service Trinidad Drilling Valaris Limited Wasco Energy Weatherford...
contract offshore drilling until 1995 when the offshore business became Transocean. In 1999 Sonat merged with El Paso Corporation. The company was headquartered...
New Orleans, until dealing with conflicts of interest. The board said Transocean and Cameron International, maker of the blowout preventer, had more access...
includes Japan Airlines, also comprises J-Air, Japan Air Commuter, Japan Transocean Air, and Ryukyu Air Commuter for domestic feeder services, and JAL Cargo...
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heavily modified enlarged freighters called Guppies. During 1959 and 1960, Transocean Airlines assembled a fleet of fourteen at bargain prices. In 1960 TOA...
almost immediately after the explosion and oil spill. By May 27, 2010, Transocean, which owned the Deepwater Horizon, said in testimony before the U.S....
Global Information
US$3.088 billion (2019)
US$24.105 billion (2019)