4.0
Transocean Ltd. is a Switzerland-based company operating in the energy sector, within the offshore drilling industry for oil and natural-gas exploration and production. The company specializes in deepwater and ultra-deepwater drilling operations, providing high-specification rigs and technical services to global oil producers.
Although its operational roots trace back to the United States, its modern corporate structure was established after strategic reorganizations that culminated in its incorporation in Switzerland. Transocean’s current form emerged through a series of mergers and acquisitions in the 1990s and 2000s, driven by the need for scale, advanced offshore capabilities and technological expertise.
Transocean’s portfolio includes drillships, high-specification semisubmersibles and harsh-environment units capable of operating under extreme offshore conditions. Its service offering covers exploratory drilling, development drilling, reservoir evaluation, managed-pressure drilling and a full suite of operational support services. The company integrates advanced well-control technology, automation systems, dynamic-positioning capabilities and high-precision drilling tools.
The company operates worldwide, with activities in the Gulf of Mexico, the North Sea, West Africa, Brazil, the Caribbean and parts of Asia and the Middle East. Its operational structure includes maritime engineering centers, technical bases, offshore crews, maintenance facilities and global logistics networks. Transocean serves international oil majors, national oil companies and independent offshore operators.
Market forces that influence its operations include global oil-price cycles, offshore investment trends, demand for deepwater resources, rig availability, technological competitiveness, regulatory frameworks, environmental requirements and geopolitical developments in oil-producing regions. The company focuses on maximizing utilization of high-specification rigs, targeting complex deepwater and ultra-deepwater projects.
Transocean Ltd.’s shares trade on the New York Stock Exchange (NYSE) under the ticker RIG.
History and when Transocean Ltd. was founded
Transocean’s origins date back to the early twentieth century, evolving from companies involved in natural-gas drilling to offshore ventures. A key milestone occurred in 1953 with the founding of The Offshore Company, which operated some of the earliest mobile offshore drilling units. Through the 1970s and 1980s, the company expanded its fleet and developed expertise in offshore drilling technologies.
The Transocean name gained prominence in the 1990s as the company began an accelerated cycle of acquisitions. In 1996, it acquired Sonat Offshore Drilling, significantly expanding its fleet and international presence. The combined operations adopted the name Transocean Offshore and established a global footprint in deepwater drilling.
In 2001, Transocean completed one of the largest mergers in offshore-drilling history with R&B Falcon, gaining one of the world’s largest and most diverse rig fleets. The transaction included important deepwater units and contributed to the company’s leadership in high-spec offshore capabilities.
Throughout the following decade, Transocean underwent structural reorganizations and international re-domiciliation, ultimately incorporating in Switzerland. The 2010s saw modernization of the fleet and introduction of seventh-generation drillships designed for ultra-deepwater operations.
Between 2020 and 2024, Transocean navigated a challenging market shaped by oil-price volatility, fluctuating offshore demand and oversupply of rigs. The company focused on long-term contracts, operational excellence, safety enhancements and prioritization of high-specification assets. By 2024, Transocean remained one of the leading global offshore-drilling contractors, known for its expertise in complex deepwater operations.
Additional Information
The Company Transocean Ltd. (United States), is listed on NYSE with a market value of $ 4.07 Billions, having an equity of $ 8.08 Billions.
With a total of 5.350 employees, the company is listed in the sector of Energy and categorized in industry of Oil Well Services and Equipment.
In the last 12 months the Company had a revenue of $ 3.87 Billions, which generated a loss in the amount of $ -2.93 Billions.
As for its main indicators, the Company has a P/E ratio of -1.39, a P/BV ratio of 0.50 and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker RIG.
