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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 14, 2022, 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 14, 2022, we were constructing two ultra-deepwater drillships.
We provide, as our primary business, contract drilling services in a single
operating segment, which involves contracting our mobile offshore drilling rigs,
related equipment and work crews 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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