Transocean

Transocean is an international provider of offshore contract drilling services for oil and gas wells.

More Info on Transocean

The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. 

Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units including 27 ultra-deepwater floaters, and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

Information current as of June 2024. 

News

Courtesy Transocean
Transocean Equinox rig
ConocoPhillips and its partners will use the semisubmersible Transocean Equinox to drill the Essington gas prospect in shallow water offshore Victoria.
Oct. 29, 2025
Courtesy Transocean LinkedIn
Deepwater Atlas drillship
The Deepwater Atlas and Deepwater Mykonos will extend their present operations in the US Gulf and offshore Brazil after the clients exercised options in the contracts.
Oct. 16, 2025
Courtesy Transocean LinkedIn
Deepwater Atlas drillship
bp and Petrobras have taken up options to extend their contracts with Transocean for two drillships that have been working in the US Gulf and offshore Brazil.
Oct. 2, 2025
ID 155623680 © Anastasia Yakovleva | Dreamstime.com
Transocean looks to divest five stacked rigs
Four drillships may already be sold; company also looking to unload one semi.
Sept. 24, 2025
Courtesy Transocean
Transocean rig personnel working offshore
Transocean has secured new work for four rigs, the company said in a fleet status update.
July 17, 2025
Courtesy Transocean
Transocean Spitsbergen semisubmersible offshore rig
Equinor has exercised a two-well option with Transocean for the semisub Transocean Spitsbergen to continue operations offshore Norway.
June 5, 2025
Courtesy Transocean LinkedIn; Photo by Capt. Stephen Wallace
Deepwater Aquila drillship
Transocean drillships are keeping busy in the US Gulf of Mexico, offshore Brazil and Angola, while its semisubs are active offshore Norway and Australia.
April 18, 2025
Courtesy 3D Energi news release / Transocean
Transocean Equinox semisubmersible drilling rig
The Transocean Equinox semisub has arrived in the Otway Basin offshore southeast Australia, ahead of the multi-partner Otway Exploration Drilling Program.
April 11, 2025
Photo credit: Capt. Stephen Wallace; Courtesy of Transocean LinkedIn
Transocean's Deepwater Aquila
Transocean Ltd. has promoted Keelan Adamson, current president and COO, to president and CEO.
Feb. 21, 2025
Courtesy Transocean
DHIRUBHAI DEEPWATER KG1
Transocean reported that a four-well option was exercised for the Dhirubhai Deepwater KG1 ultradeepwater drillship with Reliance Industries Ltd. in India.
Dec. 17, 2024

Articles

Courtesy VesselFinder.com
Deepwater Invictus
Transocean has secured a 1,095-day contract for the ultradeepwater Deepwater Invictus drillship with bp for work in the US Gulf of Mexico.
Aug. 1, 2024
Courtesy Transocean LinkedIn
Deepwater Asgard
Transocean secured eight new drilling contracts with a total value of about $656 million during the second quarter, the company said in an update.
July 25, 2024
Courtesy Transocean
deepwater_asgard
This is due to take effect in direct continuation of the rig’s current program for an unnamed independent operator.
June 27, 2024
Courtesy Transocean LinkedIn
Transocean Norge
Transocean has secured contract extensions for three of its harsh environment semisubmersible drilling rigs, with a combined value of $161 million.
June 4, 2024
Courtesy Transocean LinkedIn
deepwater_titan
Transocean’s first-quarter revenue efficiency was impacted by downtime on the Deepwater Titan drillship, related to its BOP.
April 30, 2024
Courtesy Transocean
Transocean Equinox semi-submersible drilling rig in Singapore
The semisub Transocean Equinox has departed Singapore for a five-well drilling contract on the Northwest Shelf offshore Western Australia.
April 4, 2024
Courtesy Transocean
deepwater_asgard
Transocean has secured a 365-day extension to a contract for the drillship Deepwater Asgard in the US Gulf of Mexico (GoM).
April 2, 2024
www.vesselfinder.com
deepwater_invictus
Transocean has secured new contracts for two ultradeepwater drillships.
Feb. 16, 2024
Courtesy Transocean
transocean_barents
Transocean has secured a minimum 540-day contract for the Transocean Barents rig with OMV Petrom S.A. in the Romanian Black Sea at a rate of $465,000 per day, excluding additional...
Dec. 12, 2023
Courtesy Transocean
Dhirubhai Deepwater Kg2
Transocean has secured drilling contracts with a combined incremental backlog of about $745 million, according to the company’s latest fleet status report.
Oct. 23, 2023

Additional content from Transocean

Courtesy Romgaz/OMV Petrom
Transocean Barents semisub
Transocean Barents arrived in Constanța to prepare for the drilling operations for OMV Petrom and Romgaz.
Nov. 22, 2024
Courtesy Sembcorp. Marine (Seatrium)
The Transocean drillship Deepwater Atlas has a new 365-day assignment at $635,000/d,
Transocean has issued an update on its latest drilling contracts.
Oct. 25, 2024
Courtesy Transocean
Deepwater Conqueror drillship
Transocean has secured a one-year contract for a drillship in the US Gulf of Mexico.
Oct. 19, 2024
Courtesy Transocean LinkedIn
Deepwater Atlas drillship
bp has awarded Transocean a 365-day contract for the ultradeepwater drillship Deepwater Atlas in the US Gulf of Mexico (GoM).
Sept. 12, 2024
Courtesy Transocean
The Dhirubhai Deepwater KG1 drillship
The Dhirubhai Deepwater KG1 should start the estimated 300-day program in 2Q 2026.
Sept. 5, 2024
Photo 5272864 © Roman Krochuk | Dreamstime.com
Helo Pad On Drillship Dreamstime M 5272864
Also acquires outstanding interests in Liquila Ventures, the company formed to acquire the newbuild rig.
Sept. 14, 2023
Courtesy Transocean
Dhirubhai Deepwater Kg1
ONGC has confirmed a binding Notification of Award to Transocean for use of the drillship Dhirubhai Deepwater KG1 offshore India.
Sept. 1, 2023
Courtesy Transocean LinkedIn
Transocean Encourage is a harsh-environment semisubmersible.
Transocean has secured new drilling contracts with a cumulative value of $1.12 billion, according to the company’s latest fleet status update.
July 21, 2023
Courtesy Transocean
Transocean Encourage
An operator offshore Norway has exercised six one-well options for the Transocean Encourage semisubmersible rig.
July 6, 2023
Courtesy Transocean
Transocean Equinox
Transocean has negotiated a binding 16-well award for the harsh environment Transocean Equinox semisub offshore Australia with a consortium of four operators.
June 29, 2023
Courtesy Transocean
The harsh environment semisubmersible Transocean Equinox.
Transocean Equinox has been awarded a five-well contract in Australia by a major operator.
May 11, 2023
Courtesy InteliWell
The InteliWell platform provides an end-to-end, closed-loop workflow via integrated applications for well program creation, execution and smart well monitoring.
Transocean has contracted InteliWell to supply its software to the harsh environment Transocean Norge semisub on behalf of clients Wintershall Dea and OMV.
May 4, 2023
Courtesy Transocean
Harsh Environment Rigs Credit Transocean
The company’s total backlog is about $8.6 billion.
April 19, 2023
Courtesy Transocean
Transocean operates 10 harsh-environment semisubmersibles, all with propulsion systems and several featuring dynamic positioning systems.
Transocean has secured new work for two of its harsh environment semis with a combined value of about $113 million.
March 30, 2023
Courtesy Jan Arne Wold / Equinor
The Transocean Enabler rig will have a fixed drilling program of 19 wells and options on another eight wells.
Equinor has awarded contracts for the use of two Transocean rigs, and the companies also have signed a strategic collaboration agreement.
March 28, 2023
Courtesy DEME
Close-up of GSR seafloor nodules
Transocean is contributing the Ocean Rig Olympia vessel for GSR’s ongoing exploration work, a cash investment and engineering capacity, and Transocean is receiving a minority ...
Feb. 10, 2023
Courtesy Transocean
Dhirubhai Deepwater Kg2
Transocean has secured a 910-day contract offshore Brazil for its Dhirubhai Deepwater KG2 ultradeepwater drillship.
Feb. 1, 2023