Transocean Ltd. Shares Begin Trading on SIX Swiss Exchange
ZUG, SWITZERLAND, Apr 20, 2010 (MARKETWIRE via COMTEX) --Transocean Ltd. (NYSE: RIG) (SIX: RIGN), the world's largest offshore drilling contractor, announced that its shares will begin trading on SIX Swiss Exchange ("SIX") today under the symbol (RIGN). Transocean's shares also trade on the New York Stock Exchange under the symbol (RIG).
"With our company headquarters located in Switzerland since late 2008, we believe the listing of Transocean's shares on SIX is an excellent way to increase interest in Transocean among Swiss and European investors and re-affirm our presence as a Swiss company," said Steven L. Newman, President and Chief Executive Officer of Transocean Ltd.
With more than 50 years of offshore drilling experience and more than 18,000 personnel worldwide, Transocean leases offshore drilling rigs and provides related drilling services to customers, including national, major and independent energy companies.
For the year 2009, Transocean Ltd. reported:
-- Operating revenues of approximately $11.6 billion, -- Net income attributable to controlling interest of approximately $3.2 billion, or $9.84 per diluted share, -- Net cash provided by operating activities of approximately $5.6 billion, -- Total assets of approximately $36.4 billion, and -- Total debt of approximately $11.7 billion.
Transocean is the world's largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 140 mobile offshore drilling units plus three ultra-deepwater units under construction, the company's fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demanding segments of the offshore drilling business. Its worldwide fleet is more than twice the size of the next-largest competitor. The company owns or operates a contract drilling fleet of 46 High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification Jackups, 55 Standard Jackups and other assets utilized in the support of offshore drilling activities worldwide.
For more information about Transocean, please visit our website at www.deepwater.com. Among the documents posted on our website is the Transocean Ltd. Proxy Statement and 2009 Annual Report.
SOURCE: Transocean Ltd.