Company: RIG
Filing Date: 2025-09-24
Form Type: 424B5
Source: 0001451505-25-000097
Chunk: 60

Company: Transocean Ltd.
Filing Date: 2025-09-24
Form: 424B5
Chunk 60
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| ● | operational performance; |

| ● | the cancellation of drilling contracts currently included in our reported contract backlog; |

| ● | losses on impairment of long-lived assets; |

| ● | shipyard, construction and other delays; |

| ● | the results of meetings of our shareholders; |

| ● | changes in political, social and economic conditions; |

| ● | the effect and results of litigation, regulatory matters, settlements, audits, assessments and contingencies; |

| ● | the effects of public health threats, pandemics and epidemics and the potential adverse impacts thereof; and |

| ● | other factors discussed in this prospectus and in our other filings with the SEC, which are available free of charge on the SEC website at www.sec.gov. |

The foregoing risks and uncertainties are beyond our ability to control, and in many cases, we cannot predict the risks and uncertainties that could cause our actual results to differ materially from those indicated by the forward-looking statements. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each

iii

forward-looking statement speaks only as of the date of the particular statement. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as required by law.

iv

ENFORCEABILITY OF CIVIL LIABILITIES AGAINST FOREIGN PERSONS Transocean Inc. is a Cayman Islands exempted company, and Transocean Ltd. is a Swiss corporation. Certain of their respective officers and directors may be residents of various jurisdictions outside the United States. All or a substantial portion of the assets of Transocean Inc. and Transocean Ltd. and the assets of these persons may be located outside the United States. As a result, it may be difficult for investors to effect service of process within the United States upon these persons or to enforce any U.S. court judgment obtained against Transocean Inc., Transocean Ltd. or these persons, including judgments in actions predicated upon the civil liability provisions of U.S. federal securities laws. Each of Transocean Inc.