Company: RIG
Filing Date: 2025-03-21
Form Type: PRE 14A
Source: 0001451505-25-000024
Chunk: 0

Company: Transocean Ltd.
Filing Date: 2025-03-21
Form: PRE 14A
Chunk 0
---
#### ​UNITED STATESSECURITIES AND EXCHANGECOMMISSIONWashington, D.C. 20549SCHEDULE 14AProxy Statement Pursuant to Section 14(a) ofthe Securities Exchange Act of 1934 (Amendment No.          )​​Filed by the Registrant⌧Filed by a Party other than the Registrant◻Check the appropriate box:⌧Preliminary Proxy Statement◻Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))◻Definitive Proxy Statement◻Definitive Additional Materials◻Soliciting Material under §240.14a-12​Transocean Ltd.(Name of Registrant as Specified In Its Charter)​(Name of Person(s) Filing Proxy Statement, if other than the Registrant)Payment of Filing Fee (Check the appropriate box):⌧No fee required.◻Fee paid previously with preliminary materials.◻Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a6(i)(1) and 0-11.​​​​
**TO THE OWNERS OF OUR COMPANY:**

During 2024, Transocean continued to consistently differentiate itself as the leading offshore driller by securing 22 new contract awards, which added $2.4 billion in backlog and solidified an active fleet utilization of 96% in 2025. Importantly, we secured these contracts at industry-leading dayrates. In April 2024, we signed a $500,000 per day contract with a one-year term on the Deepwater Asgard. In September 2024, the Deepwater Atlas was awarded a $600,000 per day contract, and, a month later, we signed the Deepwater Conqueror for $530,000 per day.

These market-leading rates and the high level of utilization of our active fleet in 2025 underscore the strong preference and trust our customers place in Transocean. While all of our competitors enter 2025 with utilization challenges across their fleets, our active fleet of high specification ultra-deepwater and harsh environment floaters, including the world’s first eighth-generation drillships capable of drilling 20k psi wells, are near fully contracted, clearly validating the asset strategy we pursued and executed over the past decade.

As always, we are committed to maintaining and strengthening our leadership position; as such, we remain focused on delivering safe, reliable,