Transocean Ltd.
Transocean Ltd. is a global offshore contract drilling company specializing in ultra-deepwater and harsh-environment drilling. The company provides drilling services for oil & gas exploration and development wells using a fleet of high-specification drillships and semisubmersible rigs, operating in some of the world’s most challenging offshore environments.
Competitors
COSL
China Oilfield Services Limited (COSL) is a leading integrated offshore oilfield services provider headquartered in Beijing, China.
It operates as the offshore services arm of CNOOC, supporting the full oil and gas exploration and production lifecycle.
Seadrill
Seadrill Limited is a global offshore drilling contractor providing oil and gas exploration services with advanced deepwater and harsh-environment rigs.
Headquartered in Hamilton, Bermuda, it operates a modern, technologically advanced fleet across major energy basins worldwide.
Diamond Offshore
Diamond Offshore is a U.S.-based offshore drilling contractor providing contract drilling services to the global energy industry.
Headquartered in Houston, it operates a modern fleet of semisubmersibles, jack-ups, and drillships worldwide.
Valaris
Valaris Limited is a Bermuda-based offshore drilling contractor serving the global oil and gas industry.
It operates one of the world’s largest and most advanced offshore rig fleets worldwide.
Company Business Model
Provides offshore contract drilling services using owned and operated rigs
Focus on long-term contracts for ultra-deepwater and harsh-environment rigs
Revenue generated through day-rate drilling contracts with oil & gas producers
Operates a fleet of high-specification drillships and semisubmersibles