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 16,000 employees located around the globe.

In 1999, Transocean merged with Sedco Forex, the offshore drilling subsidiary of Schlumberger in a $3.2 billion stock transaction in which Schlumberger shareholders received shares of Transocean. [10]

Schlumberger spun off Sedco Forex, which merged with Transocean Offshore Inc. to become the world’s largest offshore drilling contractor: Transocean Sedco Forex. 2000s. Three of the largest mergers in the company's history occurred in the 2000s.

Jul 18, 1999 · Schlumberger Ltd., Paris, has agreed to spin off its offshore contract drilling unit, Sedco Forex Offshore, in order to unite it with Transocean Offshore Inc., Houston.

Sedco Forex International Inc. provides offshore drilling services. The Company offers oil products and natural gas through its field operations. Sedco Forex serves customers...

Jan 7, 2000 · The resulting company, Transocean Sedco Forex Inc., is now the world's largest offshore drilling contractor and third-largest oilfield services company in terms of equity market capitalization,...

Jul 12, 1999 · After the merger, Schlumberger (SLB) stockholders will own 52 percent, or about 109 million shares, of the fully-diluted stock in the new company, to be called Transocean Sedco Forex. Those...

Transocean Offshore Inc. announced today that its shareholders on December 10 approved proposals relating to the merger of Transocean Offshore and Sedco Forex, the offshore contract drilling...

Aug 23, 1999 · Transocean Sedco Forex will have the world's largest offshore rig fleet with 75 units. Sedco Forex Offshore will bring a fleet of 44 mobile offshore drilling rigs, including 27...

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