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Thursday 25 May 2017 by FIIG Research Company factsheets

Transocean Inc USD1.25bn 9.00% 15 July 2023 bond factsheet

THIS CONTENT IS SUITABLE FOR WHOLESALE INVESTORS ONLY

Transocean Inc USD1.25bn 9.00% 15 July 2023 bond

Transocean Inc is a leading international provider of offshore contract drilling services for oil and gas wells. As of 9 February 2017, Transocean owned or had partial ownership interests in and operated 56 mobile offshore drilling units, consisting of 30 ultra‑deepwater floaters, seven harsh environment floaters, three deepwater floaters, six midwater floaters and 10 high‑specification jackups. At 9 February 2017, Transocean also had four ultra‑deepwater drillships and five high‑specification jackups under construction or under contract to be constructed.

Transocean’s primary business is to contract its drilling rigs, related equipment and work crews predominantly on a day rate basis to drill oil and gas wells. Transocean specialises in technically demanding regions of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services. Transocean believes that their mobile offshore drilling fleet is one of the most versatile fleets in the world, consisting of floaters and high‑specification jackups used in support of offshore drilling activities and offshore support services on a worldwide basis.

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