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Transocean Ltd. is the world's largest offshore drilling contractor and is based in Vernier, Switzerland. The company has offices in 20 countries, including Switzerland, Canada, United States, Norway, Scotland, India, Brazil, Singapore, Indonesia and Malaysia.

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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.

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