Transocean Ltd. Provides Fleet Status Report
ZUG, SWITZERLAND -- (Marketwire) -- 10/17/12 -- Transocean Ltd.
(NYSE: RIG) (SIX: RIGN) today issued a comprehensive Fleet Status
Report which provides current status and contract information for the
company's entire fleet of offshore drilling rigs. Since the September
fleet update, backlog associated with new contracts or extensions is
approximately $8.1 billion, including $7.6 billion associated with
the four newbuild ultra-deepwater drillships announced on September
Including rigs classified as discontinued operations, estimated out
of service time for 2012 increased by a net 138 days, which includes
approximately 80 days associated with certification of well control
equipment in anticipation of potential contracts and 46 days due to a
shipyard acceleration into 2012 from 2013. Estimated out of service
time for 2013 decreased by a net 290 days, which was primarily due to
changes in shipyard schedules.
Other highlights are as follows:
-- Sedco Express - Awarded a 20-month contract for work offshore Nigeria
at a dayrate of $600,000 ($360 million contract backlog). The rig's
prior dayrate was $500,000.
-- GSF Constellation II - Awarded a 30-month contract for work offshore
Gabon at a dayrate of $160,000 ($146 million contract backlog). The
rig's prior dayrate was $109,000.
-- Transocean Amirante - Customer exercised a 180-day option for work
offshore Egypt at a dayrate of $305,000 ($55 million contract
backlog). The rig's prior dayrate was $275,000.
-- The company has sold the GSF Rig 103, which was previously held for
sale. The details of the transaction have not been disclosed.
The report can be accessed at www.deepwater.com by clicking on the
Fleet Status Report link found in the toolbar.
Statements regarding the estimated duration of customer contracts,
contract dayrate amounts, future contract commencement dates and
locations, planned shipyard projects and other out of service time,
sales of drilling units, as well as any other statements that are not
historical facts in the report, are forward-looking statements that
involve certain risks, uncertainties and assumptions. These include
but are not limited to operating haza
rds and delays, risks associated
with international operations, actions by customers and other third
parties, the future prices of oil and gas and other factors detailed
in the company's most recent Form 10-K and other filings with the
Securities and Exchange Commission. Should one or more of these risks
or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those indicated.
Transocean is a leading international provider of offshore contract
drilling services for oil and gas wells. The company specializes in
technically demanding sectors of the global offshore drilling
business with a particular focus on deepwater and harsh environment
drilling services, and believes that it operates one of the most
versatile offshore drilling fleets in the world.
Transocean owns or has partial ownership interests in, and operates a
fleet of, 115 mobile offshore drilling units consisting of 48
High-Specification Floaters (Ultra-Deepwater, Deepwater and
Harsh-Environment drilling rigs), 25 Midwater Floaters, nine
High-Specification Jackups, 32 Standard Jackups and one swamp barge.
Included in the 115 drilling units, the company has 32 Standard
Jackups and one swamp barge classified as discontinued operations. In
addition, we have six Ultra-Deepwater Drillships and three
High-Specification Jackups under construction.
For more information about Transocean, please visit our website at
Guy A. Cantwell
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