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Transocean’s Second-Quarter and 2018 Cost Guidance

Sue Goodridge
Transocean’s Second-Quarter and 2018 Cost Guidance

In the fourth quarter of 2017, Transocean’s (RIG) costs increased. Despite higher expenses due to increased revenues, Transocean’s drilling-to-revenue ratio fell to 64% in the first quarter from 66% in the previous quarter. Transocean’s operating and maintenance expenses rose by $38 million in the first quarter to $424 million.