Transocean Ltd : Transocean Ltd. Provides Fleet Status Report
ZUG, SWITZERLAND-Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a
comprehensive Fleet Status Report, which provides the current status and
contract information for the company's entire fleet of offshore drilling
rigs. The value of new contracts or extensions since the March 14, 2013
fleet update summary is approximately $1.2 billion.
The newbuild, ultra-deepwater drillship, Deepwater Asgard, was awarded a
three-year contract with a major integrated international oil company for work
offshore Indonesia at a dayrate of $600,000. The contract is expected to
commence in the first quarter of 2014 following shipyard delivery and customer
acceptance and will contribute an estimated backlog of $657 million, excluding
mobilization. The Deepwater Asgard, currently under construction at the DSME
shipyard in Korea, will be capable of operating in water depths up to 12,000
feet and drilling wells up to 40,000 feet deep. With this award, all of the
company's newbuild rigs are under contract.
Highlights are as follows:
oCajun Express - Awarded a one-year contract for work offshore Morocco and
Senegal. The dayrate for Morocco is $600,000 ($219 million estimated
contract backlog). The rig's prior dayrate was $520,000.
oTransocean Arctic- Customer exercised a five-well option for work in the
Norwegian sector of the North Sea at a dayrate of $422,000 ($127 million
oTransocean Prospect - Customer exercised a six-month option for work in
the U.K. sector of the North Sea at a dayrate of $425,000 ($77 million
oGSF Magellan - Awarded a one-year contract extension for work offshore
Nigeria at a dayrate of $168,000 ($61 million contract backlog). The
rig's prior dayrate was $160,000.
oOn March 26, 2013, the newbuild high-specification jackup, Transocean Siam
Driller, commenced its five-year contract for work offshore Thailand.
oEstimated 2013 out of service time decreased by a net 6 days.
oThe company sold the standard jackup, Interocean III, 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.
The statements described in this press release that are not historical facts
are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. Forward-looking statements which could be made include, but are not
limited to, estimated duration of customer contracts, contract dayrate
amounts, future contract commencement dates and locations, planned shipyard
projects and other out of service time, and sales of drilling units. 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, including those discussed
in the company's most recent Form 10-K for the year ended December 31, 2012
and in the company's other filings with the SEC, which are available free of
charge on the SEC's website at www.sec.gov. Should one or more of these risks
or uncertainties materialize (or the other consequences of such a development
worsen), or should underlying assumptions prove incorrect, actual results may
vary materially from those indicated or expressed or implied by such
forward-looking statements. All subsequent written and oral forward-looking
statements attributable to the company or to persons acting on our behalf are
expressly qualified in their entirety by reference to these risks and
uncertainties. You should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the date of the
particular statement, and we undertake no obligation to publicly update or
revise any forward-looking statements. All non-GAAP financial measure
reconciliations to the most comparative GAAP measure are displayed in
quantitative schedules on the company's web site at www.deepwater.com.
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, 83 mobile offshore drilling units consisting of 48 High-Specification
Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment drilling rigs), 25
Midwater Floaters and 10 High-Specification Jackups. In addition, we have six
Ultra-Deepwater Drillships and two 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
Press spacebar to pause and continue. Press esc to stop.