Deepwater Millennium was a fifth generation Samsung/Reading & Bates designed, dynamic positioned (DP) Marshall Islands-flagged drillship owned by Transocean.

[3] Built originally for R&B Falcon, she was completed in 1999 by Samsung Heavy Industries in Geoje, South Korea.

After initial work in the Gulf of Mexico, Deepwater Millennium has drilled wells off West and East Africa and Brazil.

Her work includes wells for Kerr-McGee, Pioneer, Marathon Oil, Mariner, Chevron Corporation, Anadarko Petroleum, Statoil, and Petrobras.

[5] More recently she was drilling off the coast of Western Australia on an 18-month contract for Woodside Petroleum.