Transocean Ltd. announced a public offering of 100,000,000 shares, with an option for an additional 15,000,000 shares. Proceeds will be used for debt repayment and general corporate purposes. The offering is underwritten by Citigroup and Morgan Stanley. The company specializes in offshore drilling services for oil and gas wells, focusing on ultra-deepwater and harsh environment drilling. Transocean owns a fleet of 27 mobile offshore drilling units. The offering is subject to market conditions and SEC review. Forward-looking statements caution potential risks and uncertainties. Analyst and media contacts provided for further information.

Read more at GlobeNewswire: Transocean Ltd. Announces Public Offering of Shares