13 Facts About Transocean

1.

Transocean has offices in 20 countries, including Canada, the United States, Norway, United Kingdom, India, Brazil, Singapore, Indonesia, and Malaysia.

FactSnippet No. 1,302,962
2.

In 2010, Transocean was found partially responsible for the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico.

FactSnippet No. 1,302,963
3.

Transocean was formed as a result of the merger of Southern Natural Gas Company, later Sonat, with many smaller drilling companies.

FactSnippet No. 1,302,964
4.

Transocean started in the 1970s as a whaling company and expanded through a series of mergers.

FactSnippet No. 1,302,965
5.

In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger in a $3.

FactSnippet No. 1,302,966
6.

In 2007, the US Department of Justice and the Securities and Exchange Commission filed a case against Transocean, alleging violations of the Foreign Corrupt Practices Act.

FactSnippet No. 1,302,967
7.

In 2010, Transocean was implicated in the Deepwater Horizon oil spill resulting from the explosion of one of its oil rigs in the Gulf of Mexico that was leased to BP.

FactSnippet No. 1,302,968
8.

Transocean was rated as a leader in its industry for many years.

FactSnippet No. 1,302,969
9.

However, since the company's 2007 merger with GlobalSantaFe, Transocean's reputation has suffered considerably, according to EnergyPoint Research, an independent oil service industry rating firm.

FactSnippet No. 1,302,970
10.

In 2008, two Transocean workers were reportedly killed on the company's vessels.

FactSnippet No. 1,302,971
11.

On 20 April 2010, a fire was reported on a Transocean-owned semisubmersible drilling rig, Deepwater Horizon.

FactSnippet No. 1,302,972
12.

Transocean later claimed that 2010, the year in which the disaster occurred, was "the best year in safety performance in our company's history".

FactSnippet No. 1,302,973
13.

The Brazilian government sued Transocean and attempted to force the company to cease operations in Brazil, but a settlement was reached without a finding of fault or liability.

FactSnippet No. 1,302,974