TRANSOCEAN Ltd. (RIG)

Trading terms

Trading hours (UTC)
Monday: 11:00 - 00:00
Tuesday - Friday: 00:00 - 00:30, 11:00 - 00:00
Saturday: 00:00 - 00:30

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About

Transocean Ltd. is an international provider of offshore contract drilling services for oil and gas wells. The Company's primary business is to contract its drilling rigs, related equipment and work crews on a dayrate basis to drill oil and gas wells. As of February 9, 2017, it owned or had partial ownership interests in and operated 56 mobile offshore drilling units. As of February 9, 2017, its fleet consisted of 30 floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high-specification jackups. As February 9, 2017, it also had four ultra-deepwater drillships and five high-specification jackups under construction or under contract to be constructed. Its contract drilling services operations are spread across oil and gas exploration and development areas throughout the world. The Company's drilling fleet can be characterized as floaters, including drillships and semisubmersibles, and jackups.

http://www.deepwater.com

Transocean Ltd. is one of the leaders in the offshore drilling industry. The company constructs and equips floating drilling platforms rented by oil companies with equipment and specialists. The company has been in business since 1953, when the first drilling rig was built by Southern Natural Gas Company. In the 90s, the original company underwent a series of transformations and acquisitions. The current name was approved in 2003. In 2008, the company was legally registered in Switzerland.

Additional company offices are now open in 20 countries - from Canada and the USA to India, Singapore and Malaysia. Drilling rigs operate around the world, mainly in the Norwegian North Sea and the Gulf of Mexico.

The company's leading clients include:

At the end of 2021, Transocean had annual revenue of $2.5 bn, gross profit of $859 mn, and market capitalization of $2.13 bn.

Shares and investments

The bulk of the shares of Transocean Ltd. is owned by major institutions, including:

The company's shares are available for purchase/sale to individuals. They are traded on the New York Stock Exchange under the ticker symbol RIG. The total number of shares outstanding currently exceeds 681 mn. Payment of dividends has been suspended since 2015.

How an individual could buy shares of Transocean Ltd.

With us, you can trade RIG shares directly on the New York Stock Exchange. To do this: