In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger in a $3.2 billion stock transaction in which Schlumberger shareholders received shares of Transocean. Sedco Forex had been formed from a merger of two drilling companies, the Southeastern Drilling Company (Sedco), founded in 1947 by Bill Clements and acquired by Schlumberger in 1985 for $1 billion and French drilling company Forages et Exploitations Pétrolières (Forex) founded in 1942 in German Transocean has unmatched capacity and capability in all manner of floaters: ultra-deepwater, harsh-environment, deepwater, and midwater. We are constantly high-grading our fleet to ensure that our rigs are equipped to handle even the most challenging projects. Transocean Ltd. Reports First Quarter 2020 Results: 04/16/2020: Transocean Ltd. Provides Quarterly Fleet Status Report: 04/15/2020: Transocean Ltd. Announces First Quarter 2020 Earnings Release Date: 02/17/2020: Transocean Ltd. Reports Fourth Quarter and Full Year 2019 Results: 02/14/2020: Transocean Ltd. Provides Quarterly Fleet Status Report PRESS RELEASE / 10.15.2020 - Transocean Ltd. Announces Third Quarter 2020 Earnings Release Date read more > PRESS RELEASE / 10.14.2020
CAMAC Energy hires 'Sedco Express' semisub. CAMAC Energy Inc. (CAMAC) announced today that it has signed a contract with a subsidiary of Transocean Ltd. for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria. The contract allows for the drilling or completion of up to three wells, and CAMAC intends to use the rig to accelerate timing of the tie-in of production from the Oyo-7 and Oyo-8 development wells. Transocean Offshore Inc. announced today that its shareholders on December 10 approved proposals relating to the merger of Transocean Offshore and Sedco Forex, the offshore contract drilling In the petition which has Transocean Limited, Indigo Drilling Limited, Sedco Forex International Inc, Field Offshore Design Engineering Nigeria Limited and Ernest & Young Nigeria as 1st to 5th Aug 21, 2000 · Transocean Sedco Forex finished Monday regular trading down 4 1/2, or 8%, at 53 3/16, while R&B Falcon closed flat at 25 3/16. The companies said the transaction should be completed by the end of
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Feb 14, 2002 HOUSTON, Feb 14, 2002 (BUSINESS WIRE) -- Transocean Sedco Forex Inc. ( NYSE:RIG)today announced that its board of directors has In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger in a $3.2 billion stock transaction in which Schlumberger Jul 19, 1999 Schlumberger Ltd., Paris, has agreed to spin off its offshore contract drilling unit, Sedco Forex Offshore, in order to unite it with Transocean
Transocean Sedco Forex Inc. 12/2001–05/2002. Exec VP/CFO. Transocean Sedco Forex Inc. 03/2001–12/2001. Exec VP/CFO/Treasurer. Transocean Sedco Forex Inc. … Sedco and Forex Neptune were combined into the Sedco Forex drilling division of Schlumberger. The world’s initial fourth-generation semisubmersible rig, Polar Pioneer (shown in photo), made its debut in Norway. 1986 – The Transocean Arctic in Norway became the first rig to drill year-round in the Barents Sea. 1987 - Merger of Transocean and Sedco Forex in 1999. The proposed Transocean Offshore and Sedco Forex merger was announced in July 1999. It called for an exchange of stock valued at approximately $3.2 billion. Schlumberger shareholders would receive roughly one share in the new company, Transocean Sedco Forex, for every five Schlumberger shares held. Sedco Forex Offshore to merge with Transocean. Schlumberger Ltd., Paris, has agreed to spin off its offshore contract drilling unit, Sedco Forex Offshore, in order to unite it with Transocean Jul 12, 1999 · The merger pairs Sedco Forex's 44 offshore drilling rigs with Transocean Offshore's 31 rigs, for combined operations in the North Sea, the Gulf of Mexico, Southeast Asia, West Africa and Brazil. Assignees: Transocean Sedco Forex Ventures Limited, Aspin Kemp & Associates Holding Corp. Inventors: Edward P. K. Bourgeau, Jason Aspin Redundant or combination traversing and RHC systems for derrick structures