Transocean Ltd (founded in 1973) is the world's largest offshore drilling contractors and is based in Vernier, Switzerland. The company has offices in 20 countries, including Switzerland, Canada, United States, Norway, Scotland, Brazil, Singapore, Indonesia and Malaysia.
On 23 November 2015 Transocean announced that it intent to delist its shares from the SIX Swiss Exchange due to financial reasons. The delisting will be effective on March 30, 2016. After the delisting the shares will be removed from the Swiss blue-chip index Swiss Market Index.
President & CEO: Jeremy D Thigpen
Revenue: US$7.386 billion
Operating Income: US$1.380 billion
Profit: US$0.791 billion
Total Assets: US$26.329 billion
Subsidiaries:
Transocean is comprised of Transocean Ltd., a company incorporated under the laws of Switzerland and the ultimate parent of the group, and its subsidiaries, all of which are unlisted, except for Transocean Partners LLC, a consolidated Marshall Islands limited liability company with registered office in Majuro, Marshall Islands, whose common units are listed on the NYSE (security number 24771435; ISIN Code MHY8977Y1005). Transocean Partners has issued a total of 68,965,517 units, consisting of 41,379,310 common units and 27,586,207 subordinated units. Following an initial public offering to sell a non-controlling interest in Transocean Partners, the parent company holds 21.3 million common units and 27.6 million subordinated units of Transocean Partners, representing a 70.8% limited liability company interest (worth $700 million depending on RIGP share price), and all of Transocean Partners’ incentive distribution rights. The remaining 20.1 million common units of Transocean Partners, representing a 29.2% limited liability company interest, trade on the NYSE under the ticker symbol ‘‘RIGP.’’ As of December 31, 2014, Transocean Partners had a market capitalization of approximately USD 1.0 billion.
|
Subsidiary |
Jurisdiction |
Equity (USD) |
Stake (%) |
|
Covent Garden - Servicos e Marketing, Sociedade Unipessoal Lda |
Portugal |
229,199,506.33 |
100 |
|
GlobalSantaFe Drilling Venezuela, C.A. |
Venezuela |
1,926,103,678.40 |
100 |
|
GlobalSantaFe West Africa Drilling Limited |
Bahamas |
333,500,010.00 |
100 |
|
GSF Leasing Services GmbH |
Switzerland |
968,383,552.34 |
100 |
|
Platform Capital N.V. |
Netherlands Antilles |
249,600,734.00 |
100 |
|
Transocean Brasil Ltda. |
Brazil |
108,456,148.23 |
100 |
|
Transocean Financing GmbH |
Switzerland |
498,857,875.28 |
100 |
|
Transocean Offshore International Ventures Limited |
Cayman Islands |
591,504,000.00 |
100 |
|
Triton Asset Leasing GmbH |
Switzerland |
1,171,269,197.08 |
100 |
|
Triton Financing LLC |
Hungary |
593,268,018.92 |
100 |
|
Triton Hungary Asset Management LLC |
Hungary |
1,750,015,000.00 |
100 |
|
Triton Nautilus Asset Leasing GmbH |
Switzerland |
360,736,426.51 |
100 |
|
Triton Nautilus Asset Management LLC |
Hungary |
520,020,447.00 |
100 |
Total Equity Interest in Subsidiaries: 9,513,668,418 USD
Long Term Debt: 7,397,000,000 USD
Short Term Debt: 1,093,000,000 USD
Despite an oil price decline in the past year, Transocean just reported solid earnings growth for the end of 2015. The company reduced operating costs, capital expenditures, and cut costs overall to beat analyst estimates in the fourth-quarter. Transocean appears to be resilient, even in the challenging oil market. Interesting asset management company subsidiary :)
Source:
http://media.corporate-ir.net/media_files/IROL/11/113031/AR2015/images/Transocean-2015.pdf