English 
Spanish 
3 min read
The acquisition, improvement and refurbishment project on the Deepwater Titan offshore drilling ship will be financed with the amount raised by the company. Transocean has already started the private offering of $500 million in guaranteed bonds due 2028.
Starting the year 2023 in search of large capital for future projects, Transocean started and is on this Tuesday, (10/01), with a private offer of US$ 500 million in guaranteed bonds maturing in 2028. The company will use the proceeds to finance the project to acquire and upgrade the Deepwater Titan offshore drilling ship. This will be one vessel essential for the company's future business in the global oil and gas industry for years to come.
Company seeks millionaire collection to continue the project stages of the new Deepwater Titan offshore drilling vessel
Movements in the offshore oil and gas drilling sector at the beginning of 2023 are quite hectic around the world.
The giant of the sector Transocean started the year announcing a private offer of US$ 500 million in guaranteed bonds, with maturity scheduled for the year 2028, aiming at a millionaire monetary collection this year.
- Why are there no direct flights to East Asia and South America?
- Two ships carrying natural gas were spotted by a European satellite in the Mediterranean. The reason behind this?
- “An incomparable power”: Rising sea levels represent a real and immediate threat to Rio de Janeiro, according to a NASA report
- The unexpected cooling of the equatorial Atlantic Ocean could bring important climate changes to Brazil, affecting both the rainfall regime and the hurricane season
These notes will be guaranteed by Transocean Ltd., Transocean Inc. and an indirect wholly owned subsidiary that will initially own and operate the Deepwater Titan drillship.
The main terms and price terms of the notes issued by the company are still subject to market changes over the next few years.
However, Transocean guaranteed that the amount will be used for the project to acquire, improve and build the Deepwater Titan offshore drilling vessel, a highly relevant vessel in the segment.
During the platform's official naming ceremony in Singapore in December 2022, the company celebrated the acquisition of the state-of-the-art vessel.
Transocean claimed the vessel is “the most technically capable drilling rig in the world, equipped with two 20.000 psi BOPs, 3 million pound hook load and five 10.000 psi mud pumps”.
The Deepwater Titan can drill up to 12 meters and operate in water depths of up to 3650 meters. Deepwater Titan is scheduled to be deployed on a five-year contract in the US Gulf of Mexico.
Thus, it will continue seeking the necessary revenue in the offshore market to guarantee the continuity of the Deepwater Titan project, essential for its next steps in the field.
Get to know Transocean
Transocean is a leading international provider of offshore 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 drilling services and harsh environments, and believes it operates one of the most versatile offshore drilling fleets in the world.
Transocean has its roots in onshore drilling operations, where TS “Stoney” Stoneman began his career as a draftsman and then onshore before joining Danciger Oil & Refining Company of Fort Worth, Texas in 1926.
During the current decade, Transocean has continued to set world records for deepwater drilling while upgrading our high specification fleet. currently owns or has a partial ownership interest in and operates a fleet of 37 mobile offshore drilling units, including 27 floaters in ultra-deep water and 10 floaters in harsh environments.
