Transocean Ltd. Approves Share Issuance and Organizational Changes

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The most significant change was the approval to issue up to 240,801,936 shares, with 100,000,000 shares to be held in treasury. Additionally, the AGM approved the dissolution of the Finance Committee and the election of 11 new directors and 3 Compensation Committee members. All proposals, including the ratification of Ernst & Young LLP as the independent auditor, received majority approval.

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About Transocean Ltd.

Transocean Ltd. is a leading offshore drilling contractor known for providing services in the exploration and production of oil and natural gas. Its primary function is to offer extensive deepwater and ultra-deepwater drilling capabilities to major oil companies worldwide. Operating one of the most advanced fleets in the industry, Transocean owns and manages a range of drilling rigs, with capabilities to work in harsh environmental conditions and at extreme water depths, showcasing its technological prowess. The company significantly impacts the energy sector, supporting the search for hydrocarbon resources in offshore locations globally. Headquartered in Switzerland, Transocean is a pivotal player in satisfying the global demand for fossil fuels, influencing energy supply chains and economic activities linked to oil markets. Its advanced technological solutions cater to an industry where safety, efficiency, and environmental considerations are paramount, thereby securing its position as a crucial partner for global energy companies.