WINTER ONLINE EXTRAS

AROUND RIG

FEATURE

FEATURE

RESPONSIBILITY

VIEWPOINT

A message from CEO Steven Newman

MEASURING OUR SUCCESS

INBOX: Letters from our customers

Achievements and Milestones

Safety Snapshot

GSF Main Pass I Sets New Record in Saudi Arabia

Jack Bates Team Targets Safety for Strong Performance

Harvey H. Ward Sets World Record

FEATURE

What Makes the Deepwater Champion Tick?

Outstanding Performers: Meet Transocean's 2011 FIRST Excellence Recipients

AROUND RIG

Shipyard Projects

Newbuild News

Discoverer Spirit Hosts Two Presidents

After a Long Run the Discoverer Luanda Gets it Done

Transocean Ltd. Announces Definitive Agreements to sell 38 Shallow Water Drilling Rigs to Shelf Drilling

Transocean Ltd. Announces Management Changes

Esa Ikäheimonen Joins Transocean Ltd.  Assumes CFO Responsibilities

Transocean SAM Division Named to Brazil’s Top 150 Best Places to Work—Again!

Transocean Once Again Included in Top 100 Best Places to Work in IT

Customer Appreciation in Houston

KG2 Completes First Korean Deepwater Well

RESPONSIBILITY

Houston: Team Transocean Rides, Raises Funds for MS

U.K. North Sea Division Raises over $32,000 for Local Charities

Transocean Employees Show Support for Our Veterans

Transocean Radio Operator Promotes Cancer Awareness in India

Helping Others is a Kick

Transocean NAM Division Raises over $15,000 for the Texas Children’s Hospital

Record Attendance Makes a Difference at 2012 Employee Beach Cleanup

Houston Employees Rocked the Walk for the Susan G. Komen Foundation

Aberdeen Women’s Team Helps the Fight Against Cancer

RIG PEOPLE

Spotlight On: Terry Bonno

Service Anniversaries and Other Events

Pat on the Back

FALL/WINTER 2012
ISSUE 9

Transocean Ltd. Announces Definitive Agreements to sell 38 Shallow Water Drilling Rigs to Shelf Drilling

 

September 10 marked a milestone for Transocean in implementing our asset strategy with the announcement to sell 37 of our standard jackups and a swamp barge to Shelf Drilling, a new company. The transaction is more than a business agreement; it represents Transocean’s commitment to refocus our efforts on high-specification drilling rig operations. The transaction also moves us closer to achieving our vision by providing long-term value to our customers, employees and shareholders.

The transaction is expected to close in the fourth quarter of 2012. Transocean will continue to provide various services to Shelf Drilling for a set time period. Steven L. Newman, Transocean Ltd. President and Chief Executive Officer, said, “I commend everyone involved in reaching this agreement - the support and cooperation has been extraordinary. In addition, I look forward to further progress to create two companies better able to compete and to provide value to their respective stakeholders.”

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