RIG
- Transocean Ltd.
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Overview
Company Summary
Transocean Ltd. is an offshore contract drilling services provider. Essentially, they own and operate a fleet of drilling rigs that are used by oil and gas companies to explore and produce hydrocarbons from beneath the seabed.
The company offers a wide range of drilling services, including drilling of conventional wells, deepwater and ultra-deepwater drilling, as well as harsh environment drilling. They provide their services globally, operating in various offshore markets around the world, including the Americas, Europe, Africa, the Middle East, and Asia-Pacific.
Transocean's fleet consists of both floating and jack-up rigs. Floating rigs are vessels specifically designed for drilling in deepwater conditions, typically found in offshore regions. They can be anchored to the seabed or use dynamic positioning systems to maintain their position. On the other hand, jack-up rigs have legs that can be lowered to the seabed, allowing them to operate in shallower waters.
In addition to their core drilling services, Transocean also offers management and support services for drilling operations. This includes personnel training, logistical support, and maintenance services to ensure the efficient operation of their equipment.
Overall, Transocean plays a vital role in the oil and gas industry by providing the necessary equipment and expertise to help energy companies explore and extract valuable resources from beneath the ocean floor.