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Transocean Ltd.'s (RIG) CEO Jeremy Thigpen on Q2 2021 Results - Earnings Call Transcript

Aug. 03, 2021 3:25 PM ETTransocean Ltd. (RIG)7 Comments
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Transocean Ltd. (NYSE:RIG) Q2 2021 Earnings Conference Call August 3, 2021 9:00 AM ET

Company Participants

Lexington May - Manager, IR

Jeremy Thigpen - President and CEO

Mark Mey - EVP and CFO

Roddie Mackenzie - SVP, Marketing, Innovation, and Industry Relations

Conference Call Participants

Connor Lynagh - Morgan Stanley

Greg Lewis - BTIG

Taylor Zurcher - Tudor, Pickering, Holt

Mike Sabella - Bank of America

Ian Macpherson - Piper Sandler

Fredrik Stene - Clarksons Platou Securities

Karl Blunden - Goldman Sachs


Good day, and welcome to the Q2 2021 Transocean Earnings Conference Call. Today’s conference is being recorded.

At this time, I would like to turn the conference over to Lex May, Manager of Investor Relations. Please go ahead.

Lexington May

Thank you, Madison. Good morning and welcome to Transocean’s second quarter 2021 earnings conference call. A copy of our press release covering financial results along with supporting statements and schedules, including reconciliations and disclosures regarding non-GAAP financial measures, are posted on our website at deepwater.com.

Joining me on this morning’s call are Jeremy Thigpen, President and Chief Executive Officer; Mark Mey, Executive Vice President and Chief Financial Officer; Keelan Adamson, Executive Vice President and Chief Operations Officer; and Roddie Mackenzie, Senior Vice President of Marketing, Innovation and Industry Relations.

During the course of this call, Transocean management may make certain forward-looking statements regarding various matters related to our business and company that are not historical facts. Such statements are based upon the current expectations and certain assumptions and are, therefore, subject to certain risks and uncertainties. Many factors could cause actual results to differ materially.

Please refer to our SEC filings for our forward-looking statements and for more information regarding certain risks and uncertainties that could impact our future results. Also, please note that the company undertakes no duty

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Comments (7)

Dayrates above 300,000a day.... and going higher. VAL DO NE , no liquidity to compete despite clean balance sheets. RIG the only one left in offshore deepwater. ALL ABOARD !

kingRIG2.0 profile picture
@trump1 ok I’ll bite, exactly why do you disagree

If rates go above 300k and contract terms lengthen, VAL can reactivate their floaters. You don't think VAL's DS can compete with RIGs?
kingRIG2.0 profile picture
Golden Triangle up cycle, all aboard
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