From Globe NewsWire

Transocean Ltd. (NYSE:RIG) announced today that John Stobart, Executive Vice President, Chief Operating Officer and Chief Performance Officer, is retiring. Keelan Adamson, the company’s Senior Vice President – Operations, has assumed Mr. Stobart’s responsibilities, effective June 1, 2018.

“It has been my sincere pleasure to work with John over these past three years,” said Jeremy Thigpen, President and Chief Executive Officer. “Under John’s leadership, Transocean re-established itself as the standard for excellence, delivering industry-leading performance in safety, uptime and drilling efficiency. As a direct result of John’s unwavering commitment to both operational performance and procedural discipline, and to the development of the next generation of leadership, I have every confidence that Transocean will continue to build upon the solid foundation that John helped to establish. On behalf of Transocean’s board of directors and all Transocean employees, I want to thank John for his immeasurable contributions, and wish him the very best in his much-deserved retirement.”

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 ultra-deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of 47 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, 12 harsh environment floaters, two deepwater floaters and six midwater floaters. In addition, Transocean is constructing two ultra-deepwater drillships; and one harsh environment semisubmersible that the company has a one-third interest. The company also operates one high-specification jackup that was under a drilling contract when the rig was sold, and the company will continue to operate the jackup until completion or novation of the drilling contract.

For more information about Transocean, please visit: www.deepwater.com.


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