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Transocean’s Cost Guidance for 1Q18 and 2018

Transocean’s Cost Guidance for 1Q18 and 2018

In 4Q17, Transocean’s (RIG) costs increased. With a fall in revenue, Transocean’s drilling-to-revenue ratio rose to 66% in 4Q17 from 46% in 3Q17. Transocean’s operating and maintenance expenses rose by $66 million in 4Q17 to $389 million.