Transocean Ltd. and its subsidiaries are global providers of offshore contract drilling solutions for oil and gas wells. The firm supplies its specialized mobile offshore drilling platforms, associated machinery, and skilled personnel under contract to facilitate hydrocarbon extraction. As of February 14, 2022, Transocean managed and held ownership stakes in a diverse fleet of 37 mobile offshore drilling units, which included 27 advanced ultra-deepwater units and 10 robust harsh-environment floaters.