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Transocean: Deepwater Is the Way Forward

You don't become an industry stalwart without the proper vision at the top of the organization. Clearly, Transocean (NYSE: RIG) has been the beneficiary of this foresight along its path. This vision continues to grow and is sharply focused on the ultra-deepwater segments of the drilling industry moving forward. As Transocean maneuvers itself into position for 2013 and beyond, management has made it clear that the company will divest lower-specification, shallow-water assets in favor of these higher-specification drillships and jackup rigs. It has already packaged a deal to sell 38 rigs for $1.05 billion and signed a deal with Royal Dutch Shell (NYSE: RDS-B) for four of the most advanced drillships in the business. Look for this momentum to carry forward well on into the foreseeable future. Not convinced by this write-up? Check out the following video for significantly more detail.

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