Transocean Reviews

Updated July 14, 2015
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3.0
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Transocean President and CEO Jeremy D. Thigpen
Jeremy D. Thigpen
1 Rating

Pros
  • Relatively good pay, flexible working schedules (in 6 reviews)

  • Good people, good salary and excellent Benefits, good working environment (in 3 reviews)

Cons
  • tranferred with Sister company Shelf Drilling/ (in 4 reviews)

More Pros and Cons

17 Employee Reviews

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  1. Good Employer, Too Much Change

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Recommends
    Negative Outlook
    Approves of CEO

    Pros

    Transocean provides great benefits to its' employees and provides lots of opportunity for international experience. Office culture is very European.

    Cons

    The industry is in a state of constant change and Transocean's management has changed quickly over the past five years. The change in management has caused significant stress throughout the organization.

    Advice to Management

    Avoid sweeping changes just for the sake of change. Transocean has a solid foundation, but has been stretched in too many directions of late.


  2. Ok

    Current Employee - Anonymous Employee in Houston, TX
    Current Employee - Anonymous Employee in Houston, TX

    I have been working at Transocean (Less than a year)

    Pros

    Never dull, there are always new opportunities to learn, good benefits and competitive pay. Nice facility in a convenient location.

    Cons

    Poor succession planning, lots of questionable decisions by top management has led to increased workload for employees at the same time as the company is reducing number of employees and now the top management has all changed and people were brought in from outside instead of being promoted from within.

    Advice to Management

    Groom middle management to be the future leaders.


  3. Maintenance Supervisor

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee in Houston, TX
    Former Employee - Anonymous Employee in Houston, TX
    Recommends
    Negative Outlook

    I worked at Transocean full-time (More than 10 years)

    Pros

    Good crews to work with during your time on the rigs.

    Cons

    Company has no direction and needs to purge.

    Advice to Management

    Ask your employees what is going on.


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  5. Not too bad, not too good.

    Current Contractor - Anonymous Contractor
    Current Contractor - Anonymous Contractor

    I have been working at Transocean as a contractor

    Pros

    Great global company to work for. Morale was great. Helpful team, staff tenure - long, therefore helpful when problem solving. Overall great company.

    Cons

    Checks and balances in computer system not as strong as it ought to be. Work could be cumbersome as a result. Company culture difference between Transocean employee and Global Santa Fe.

    Advice to Management

    Invest in documenting processes.


  6. Some decisions leave you scratching your head???

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Manager (Individual Contributor) in Houston, TX
    Current Employee - Manager (Individual Contributor) in Houston, TX
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Transocean full-time

    Pros

    Compensation is at the mid to upper end of the market

    Cons

    Move internal leaders around way too much causing disruptions for employees and customers. Lack of consistent vision.

    Advice to Management

    Allow leaders to stay in roles long enough to implement their ideas and evaluate if they were a success or not. Put leaders in roles where they can use their expertise to advance the function as opposed to being a learning experience for that leader at the expense of the people and customers of the function.


  7. Helpful (2)

    Great Company but uncertain Future

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Finance/Operations in Houston, TX
    Current Employee - Finance/Operations in Houston, TX
    Recommends
    Neutral Outlook
    Approves of CEO

    I have been working at Transocean full-time (More than 3 years)

    Pros

    Very engaging CEO who still is figuring out a way to improve efficiency. Good business model with certain cash flow over the foreseeable future. Striving for SAFETY and employees well being is cared about.

    Cons

    going through restructuring. Laying of 1500 people and may be more if they cannot achieve $300M savings. Lots of bureacracy. Too many Vice Presidents

    Advice to Management

    Get back to basics and make Rig Manager responsible and accountable. Give him the responsibility but also the authority to make decisions. Why do you Operations Managers and a Business Unit?


  8. Transocean says all the right things but does not follow through

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Director in Houston, TX
    Current Employee - Director in Houston, TX
    Doesn't Recommend
    Disapproves of CEO

    Pros

    The benefits and pay are very good

    Cons

    Coming from the "right" heritage company is everything at Transocean.

    Advice to Management

    Start acting like a global company


  9. the largest deepwater drilling company in the world

    • Work/Life Balance
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Houston, TX
    Current Employee - Anonymous Employee in Houston, TX
    Recommends
    No opinion of CEO

    Pros

    haven't had a layoff in 9 years. very stable work schedule and long term contracts. decent training program in place.

    Cons

    haven't given a raise in 2 years. hard to arrange a transfer from rig to rig. raised cost of benefits while lowering actual benefits. blanket approach to problems rather than addressing the issue individually.

    Advice to Management

    take a closer look at your safety programs. Change or adapt the procedures that aren't working rather than continuing to add more


  10. Transocean India Middle East division

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Doctor in Mumbai (India)
    Former Employee - Doctor in Mumbai (India)
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    More job stability.Strong corporate structure, policies & procedures. Good training program.

    Cons

    Discrimination between international & national employees. Limited career advancement for doctors. Average salary

    Advice to Management

    Don't stonewall career advancement or salary raises. Don't discriminate.


  11. Nice company

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Contractor - Roustabout in Accra (Ghana)
    Former Contractor - Roustabout in Accra (Ghana)
    Recommends
    Positive Outlook
    Approves of CEO

    I worked at Transocean as a contractor (More than a year)

    Pros

    Good training and mentorship Career progression

    Cons

    Salary is lower compared to other drilling contractors

    Advice to Management

    Should look at pay structure



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