Transocean Inc.Houston, TX, United States (NYSE: RIG)

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Transocean Inc. Company Description

Like an NFL tight end, offshore drilling contractor Transocean dreams of going deep but doesn't mind eating a little mud. Transocean specializes in deepwater drilling and it isn't afraid of harsh environments. The company operates in the world's major offshore oil-producing regions, including Africa, Asia, Brazil, Canada, India, the Middle East, the Gulf of Mexico, and the North Sea. It has a fleet of 139 mobile offshore drilling units, including 68 floaters (semisubmersibles and drillships), 67 jackup rigs, and four other rigs. Transocean's other operations include management of third-party drilling services. Major customers include BP and Chevron. In 2007 it acquired GlobalSantaFe for almost $18 billion.

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The Company Description provides a historical perspective of Transocean Inc.'s organization from inception to current status.

Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Transocean Inc.'s evolution in the marketplace.

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