OREANDA-NEWS. Transocean Ltd. (NYSE: RIG) (SIX: RIGN) announced today that the SIX Swiss Exchange ("SIX") approved the company's application to delist its shares. The SIX delisting is effective March 31, 2016, with the last trading day scheduled for March 30, 2016.

Transocean remains incorporated in Switzerland and the company's shares will continue to be listed and traded on the New York Stock Exchange.

About Transocean

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of, 62 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, seven harsh-environment semisubmersibles, six deepwater floaters, 12 midwater semisubmersibles, and 10 high-specification jackups. In addition, the company has seven ultra-deepwater drillships and five high-specification jackups under construction.