Transocean Ltd. : Transocean Ltd. Provides Fleet Update Summary
Transocean Ltd. / Transocean Ltd. Provides Fleet Update Summary . Processed
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ZUG, SWITZERLAND--(Marketwire - March 14, 2013) - 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 February 14, 2013.
Highlights are as follows:
*Estimated 2013 out of service time decreased by a net 45 days.
*The company sold two standard jackups, GSF Adriatic VIII and D.R. Stewart,
which were previously held for sale. The details of the transactions have
not been disclosed.
*Well Control Equipment Recertification -- The company has now obtained
third party certification of well control equipment on 42 of its 64 active
floaters, including 24 of its 27 ultra-deepwater rigs.
The report can be accessed at www.deepwater.com by clicking on the Fleet
Status Report link found in the toolbar.
Important Additional Information
The company, its directors and certain of its executive officers and employees
may be deemed to be participants in the solicitation of proxies from
shareholders in connection with the company's 2013 Annual General Meeting (the
"2013 Annual General Meeting"). The company plans to file a proxy statement
with the SEC in connection with the solicitation of proxies for the 2013
Annual General Meeting (the "2013 Proxy Statement"). SHAREHOLDERS ARE URGED TO
READ THE 2013 PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS
THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT THE COMPANY WILL FILE WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. Additional information regarding the identity of these potential
participants, none of whom owns in excess of 1 percent of the company's
shares, and their direct or indirect interests, by security holdings or
otherwise, will be set forth in the 2013 Proxy Statement and other materials
to be filed with the SEC in connection with the 2013 Annual General Meeting.
This information can also be found in the company's definitive proxy statement
for its 2012 Annual General Meeting (the "2012 Proxy Statement"), filed with
the SEC on April 6, 2012. To the extent holdings of the company's securities
have changed since the amounts printed in the 2012 Proxy Statement, such
changes have been or will be reflected on Statements of Change in Ownership on
Form 4 filed with the SEC. Shareholders will be able to obtain, free of
charge, copies of the 2013 Proxy Statement and any other documents, including
the WHITE proxy card, filed by the company with the SEC in connection with the
2013 Annual General Meeting at the SEC's website (http://www.sec.gov), or at
the company's website (http://www.deepwater.com), or by contacting the company
by email at firstname.lastname@example.org. In addition, copies of the proxy materials,
when available, may be requested from the company's proxy solicitor, Innisfree
M&A Incorporated, 501 Madison Avenue, 20th Floor, New York, NY 10022.
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
Guy A. Cantwell
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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