Offshore

Transocean expects drilling market to improve in 2022

Transocean exits the second quarter with a significantly reduced deficit, and the drilling major's CEO projects improved rates and utilization from the turn of the year.
Photo: PR/Transocean
Photo: PR/Transocean
by DANIEL LOGAN

The world's largest drilling company, Transocean, reduced its deficit considerably in the second quarter of the year, with a high utilization rate contributing to the progress.

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