Transocean Reviews | Glassdoor

Transocean Reviews

Updated October 10, 2017
51 reviews

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3.0
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Transocean President and CEO Jeremy D. Thigpen
Jeremy D. Thigpen
9 Ratings

51 Employee Reviews

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Pros
Cons
  • I believe upper management should see who is ready to move up inside the company rather than someone who has never been offshore (in 6 reviews)

  • Long periods away from home, can be lonely (in 3 reviews)

More Pros and Cons

  1. "TOI"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    No opinion of CEO

    I worked at Transocean full-time (More than 5 years)

    Pros

    good pay good rigs good rig people

    Cons

    no local accountability hard to be promoted

    Advice to Management

    none


  2. "Management"

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

    I have been working at Transocean full-time (More than a year)

    Pros

    Big company with great benefits

    Cons

    Minor cut backs since oil downturn

  3. "Working Offshore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    Pros

    When working in the oil field. A separate family can be made. I consider the people I've met over the years as part of my extended family. I would also say that the pay use to be very good, however in recent times things have been cut including the pay along with incentives. This will bite the company in the end.

    Cons

    In recent years the company has begun to forget who makes the money for them. No more paid travel for certain positions and decreases in pay while the cost of living goes up makes unhappy employees. Ever wonder why you can't get people to come back to work? Think of the reasons above.

    Advice to Management

    Invest in the employees that you have now. Create movement within the fleet. Compensate the rig hands instead of the corporate office.


  4. "Maintenance Rotator"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Recommends
    Neutral Outlook
    Approves of CEO

    I worked at Transocean full-time

    Pros

    Great benefits. Good leadership.

    Cons

    Pay inequality. If they can offer you 50% of what the person next to you is making, they will.


  5. "Offshore"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Transocean full-time (More than 8 years)

    Pros

    Pay and benefits were great.

    Cons

    Living offshore gets old pretty quickly especially three weeks at a time. Nothing much too fulfilling after work hours.


  6. "It wasn't always like this..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I worked at Transocean full-time

    Pros

    -Flex time work week and 1/2 day Friday
    -Decent benefits
    Five years ago, the Pros list would've easily outweighed the Cons list.

    Cons

    -Management is not interested in developing employees for growth
    -Long work hours and increased work responsibilities with no increase in pay
    -Company does not appreciate their employees
    -Bad communication

    Advice to Management

    Senior management should get feedback from employees on their work conditions. Seems that maybe mid-level management misrepresents conditions to senior management to make them conditions seem better than they really are.


  7. "Doing the best they can, odd choices in where to make cuts"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Third A/E
    Current Employee - Third A/E
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    I have been working at Transocean full-time (More than 5 years)

    Pros

    Great benefits, decent backlog of work, well positioned for the recovery of offshore drilling.

    Cons

    Continued down manning of rigs. Promotion and transfers are all dependent on who you know or luck. Performance evaluations don't seem to be worth the paper they are printed on.

    Advice to Management

    Clarity, clarity, clarity. By the time information gets down to the deck plates (if it gets there at all) it is typically exaggerated or wrong.

  8. "Excellent start to Mediocre ending"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

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

    Pros

    Many locals in the beginning with tight connections
    Good benefits in the beginning
    Good pay

    Cons

    Downhill slide after Deepwater Horizon Tragedy
    Many lay offs
    Many people leaving for stable careers
    Economic Decline

    Advice to Management

    None


  9. "Good money but average for the industry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Third Mate in Houston, TX
    Former Employee - Third Mate in Houston, TX
    Recommends
    Negative Outlook
    No opinion of CEO

    I worked at Transocean full-time (More than a year)

    Pros

    Great people to work with. Excellent benefits (200% of the first 5% matching on 401k, good HSA). Training programs are good.

    Cons

    It's a huge company with the bureaucracy to match. Lots of paperwork and burdensome regulations. Pay is high compared to land jobs but lower than many companies offshore. Everybody seems to be waiting for the axe to drop, more guys are laid off every day because of low oil prices.

    Advice to Management

    Don't lay off half the rig and expect to be able to do the same work. Don't compromise safety for money.


  10. "Offshore roustabout"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Roustabout
    Current Employee - Roustabout
    Recommends
    Positive Outlook
    No opinion of CEO

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

    Pros

    The company held on to you if you were a good hand and did your job. 401k is 2 to 1 up to 5% on your 401k contribution.

    Cons

    We took a lot of pay cuts and and lost our pension. Insurance continues to go up each year. You can't call home from your room on board the vessel only certain positions have that luxury.

    Advice to Management

    Enough with the regulations. Help the working man do there job and not restrict us at every turn. Safety is very important to us. Find a happy medium with regulations in order for us to perform our jobs better.


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