Transocean Inc. (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 20, 2008, we owned, had partial ownership
interests in or operated 139 mobile offshore drilling units. As of this date,
our fleet included 39 High-Specification Floaters (Ultra-Deepwater, Deepwater
and Harsh Environment semisubmersibles and drillships), 29 Midwater Floaters,
10 High-Specification Jackups, 57 Standard Jackups and four Other Rigs. We also
have eight Ultra-Deepwater Floaters contracted for or under construction.
We believe our mobile offshore drilling fleet is one of the most modern and
versatile fleets in the world. Our primary business is to contract these
drilling rigs, related equipment and work crews primarily on a dayrate basis to
drill oil and gas wells.
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