Transocean Sedco Forex Inc. (together with its majority owned subsidiaries and predecessors,

Estimated useful lives of rigs range from 10 to 25 years, buildings and improvements from 10 to 30 years and machinery and equipment from 4 to 12 years. The Company operates in a number of countries where income tax is charged on a deemed profit basis. In the North Sea, we have recently secured new work assignments for the semisubmersibles Transocean Leader and Sovereign Explorer, which are expected to return to work by April for firm periods of approximately one year and approximately 60 days, respectively.


Transocean Sedco Forex Inc. is the world's largest offshore drilling company and the fourth largest oilfield service company overall. Officially a Cayman Islands corporation, it operates out of Houston, Texas, with more than 16, employees located around the globe.

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