Transocean Ltd : Transocean Ltd. Provides Fleet Update Summary
ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a
monthly fleet update summary which includes new contracts, significant changes
to existing contracts, and changes in estimated planned out of service time of
15 or more days associated with continuing operations since January 17, 2013.
The value of new contracts or extensions since the January 17, 2013 fleet
status report is approximately $530 million.
Estimated 2013 out of service time increased by a net 136 days, including 90
days associated with rig maintenance on the Cajun Express and 75 days due to
shipyard acceleration into 2013 from 2014 on the GSF Galaxy I.
Highlights are as follows:
oSedco 712 - Awarded a three-year contract for work in the U.K. sector of
the North Sea at a dayrate of $380,000 ($416 million contract backlog).
oSedneth 701 - Customer exercised a one-year un-priced option for work
offshore Nigeria at a dayrate of $311,000 ($114 million contract
oGSF Explorer is currently idle.
A preliminary review of anticipated projects scheduled to commence in 2014
indicates approximately 2,131 days of scheduled out of service time for
Transocean's fleet comprising approximately 1,534 days for High-Specification
Floaters, 440 days for Midwater Floaters, and 157 days for High-Specification
Jackups. The sequential increase in out of service days for the High
Specification Floaters reflects, primarily, scheduled shipyards in conjunction
with required maintenance and periodic surveys. An updated and more detailed
view of out of service time by rig will be provided in the July fleet status
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 hazards 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, 82 mobile offshore drilling units consisting of 48 High-Specification
Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment drilling rigs), 25
Midwater Floaters and nine High-Specification Jackups. In addition, we have
six Ultra-Deepwater Drillships and three High-Specification Jackups under
For more information about Transocean, please visit the website
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Transocean Ltd via Thomson Reuters ONE
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