Transocean, Inc. provides offshore contract drilling services for oil and gas wells. It contracts drilling rigs and related equipment, and work crews to drill oil and gas wells. The company also provides integrated services. It operates through two segments, Transocean Drilling and TODCO. The Transocean Drilling segment consists of floaters, jackups, and other rigs used in support of offshore drilling activities and offshore support services. The TODCO segment consisted of its interest in TODCO, which conducts jackup, drilling barge, land rig, submersible, and other operations in the U.S. Gulf of Mexico and inland waters, Mexico, Trinidad, and Venezuela. As of December 31, 2004, the company owned and operated 93 mobile offshore and barge drilling units, 32 semisubmersibles and drillships, 24 Other Floaters, 26 Jackup Rigs, and 11 Other Rigs. It serves the offshore drilling markets in the United States, Gulf of Mexico, eastern Canada, Brazil, Trinidad, the United Kingdom North Sea, Norwegian North Sea, Caspian Sea, Middle East, India, West Africa, South Africa, Southeast Asia, and Australia. Transocean is based in Houston, Texas.