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Transocean Inc. NYSE: RIG is the largest offshore drilling company in the world. The company was spun-off in the early 1990s from its partent, Birmingham, Alabama based Sonat Inc, as Sonat Offshore. The company employs approximately 11,600 people worldwide and has a fleet of 89 ships, as of March 2, 2006. It is incorporated in the Cayman Islands while the principal office is in Houston, Texas. The company has offices in 20 countries around the world, with major offices in Stavanger, Aberdeen, Perth, Brazil, and Indonesia.
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