What does Transocean Ltd do?

Transocean Ltd. engages in the provision of offshore contract drilling services for oil and gas wells. It also owns and operates offshore drilling fleet such as ultra-deepwater, harsh-environment, deepwater, and midwater rigs. The company was founded in 1954 and is headquartered in Steinhausen, Switzerland.

Where are Transocean rigs located?

Vernier, Switzerland
Transocean Ltd. is an American company. It is the world’s largest offshore drilling contractor based on revenue and is based in Vernier, Switzerland….Transocean.

Type	Public
ISIN	CH0048265513
Industry	Oilfield services, offshore drilling & equipment
Predecessor	Sonat
Founded	1973

How many rigs does Transocean have working?

Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, and 10 harsh environment floaters.

Who is owner of Transocean?

Transocean Ltd.
Transocean/Parent organizations

Is Transocean a good company?

Transocean is a reputable company to work for. This company used to be the best in the job industry. The compensation and benefits is great. There is room for advancement with this company.

How much do Transocean employees make?

How much does Transocean pay per year? The average Transocean salary ranges from approximately $84,248 per year for a Roustabout to $130,930 per year for a Crane Operator. Transocean employees rate the overall compensation and benefits package 3.8/5 stars.

What kind of company is Transocean?

offshore drilling contractor
Transocean Ltd. is an offshore drilling contractor. The Company owns and operates mobile offshore drilling units, inland drilling barges, and other assets utilized in the support of offshore drilling activities worldwide.

Is Transocean stock a good buy?

The company remains saddled with legacy debt and is not suitable as a long term investment. We recommend investors with strong appetite for risk should consider RIG at current levels for growth, while taking profits if shares eclipse the $5.00 level.

Is Transocean a buy or sell?

Transocean has received a consensus rating of Hold. The company’s average rating score is 1.60, and is based on no buy ratings, 3 hold ratings, and 2 sell ratings.

Why is Transocean stock so cheap?

Transocean’s undervaluation Its revenue and therefore the stock price relies heavily on the oil prices. Big Oil invests heavily in offshore drilling contracts if it is profitable for them to do so. It is therefore obvious that there is a correlation between the oil prices and the company’s stock price.