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Transocean Ltd. (together with its subsidiaries and predecessors, unless the
context requires otherwise, "Transocean," the "Company," "we," "us" or "our") is
a leading international provider of offshore contract drilling services for oil
and gas wells. As of February 16, 2021, we owned or had partial ownership
interests in and operated a fleet of 37 mobile offshore drilling units,
consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. As
of February 16, 2021, we were constructing two ultra-deepwater drillships.
Our primary business is to contract our drilling rigs, related equipment and
work crews predominantly on a dayrate basis to drill oil and gas wells. We
specialize in technically demanding regions of the global offshore drilling
business with a particular focus on ultra-deepwater and harsh environment
drilling services.
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