RIGN Transocean Ltd.

Transocean Ltd. Announces Third Quarter 2022 Earnings Release Date

Transocean Ltd. Announces Third Quarter 2022 Earnings Release Date

STEINHAUSEN, Switzerland, Oct. 14, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the third quarter of 2022, after the close of trading on the NYSE on Wednesday, November 2, 2022.

The company will conduct a teleconference to discuss the results starting at 9 a.m. EDT, 2 p.m. CET, on Thursday, November 3, 2022. Individuals who wish to participate should dial and refer to conference code 260431 approximately 15 minutes prior to the scheduled start time.

The teleconference will be simulcast in a listen-only mode at: , by selecting Investors, News, and Webcasts. A replay of the conference call will be available after 12 p.m. EDT, 5 p.m. CET, on November 3, 2022. The replay, which will be archived for approximately 30 days, can be accessed at , passcode 260431. The replay also will be available on the company's website.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units, consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.

For more information about Transocean, please visit: .

Analyst Contact:

Alison Johnson

Media Contact:

Pam Easton



EN
14/10/2022

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Reports on Transocean Ltd.

ABGSC Energy Research ... (+6)
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ABGSC Oil & Oil Services Research ... (+3)
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Transocean (Buy, TP: USD3.00) - Patience, powered by backlog

Transocean remains disciplined in its bidding strategy by leveraging its strong contract coverage, making it less willing to lower dayrates than peers in ongoing tenders, as it can afford to be patient. Short-term, this could limit its near-term backlog growth, as it recently had two rigs replaced in the US Gulf. Long-term, we expect it to keep high-quality rigs working, and benefit from its service offering and client relationships. We reiterate our BUY and USD3 target price.

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