Transocean Ltd : Transocean Ltd. Provides Fleet Update Summary

        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 since July 17, 2013. The total value of new contracts since
the July 17, 2013 fleet status report is approximately $2.5 billion.

Estimated 2013 planned out-of-service time decreased by a net 172 days;
estimated 2014 planned out-of-service time increased by a net 119 days.

Other highlights that confirm the company's new contracts announced on its
recent second quarter 2013 results conference call are as follows:

  *Discoverer Inspiration - Awarded a five year contract extension for work
    in the U.S. Gulf of Mexico at a dayrate of $585,000 ($1.1 billion
    estimated backlog). The rig's prior dayrate was $521,000.

  *Discoverer Clear Leader - Awarded a four year contract extension for work
    in the U.S. Gulf of Mexico at a dayrate of $590,000 ($861 million
    estimated backlog). The rig's prior dayrate was $566,000.

  *GSF Galaxy I- Awarded a three year contract for work in the U.K. sector of
    the North Sea at an initial dayrate of $215,000 ($244 million estimated
    backlog). The rig's prior dayrate was $133,000 as an accommodation unit.

  *Transocean Barents- Awarded a one year contract for work in the Norwegian
    sector of the North Sea at a dayrate of $601,000 ($219 million estimated
    backlog). The rig's prior dayrate was $580,000.

  *Henry Goodrich- Awarded a nine-month contract for work offshore Eastern
    Canada at a dayrate of $476,000 ($129 million estimated backlog). The
    rig's prior dayrate was $347,000.

  *The company sold the deepwater floater, Transocean Richardson, which was
    previously stacked. The details of the transaction have not been
    disclosed.

  *Transocean Amirante is currently idle.

The report can be accessed at www.deepwater.com by clicking on the Fleet
Status Report link found in the toolbar.

Forward-Looking Statements

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 website at www.deepwater.com.

This press release or referenced documents does not constitute an offer to
sell, or a solicitation of an offer to buy, any securities, and it does not
constitute an offering prospectus within the meaning of article 652a or
article 1156 of the Swiss Code of Obligations or a listing prospectus within
the meaning of the listing rules of the SIX Swiss Exchange. Investors must
rely on their own evaluation of Transocean Ltd. and its securities, including
the merits and risks involved. Nothing contained herein is, or shall be relied
on as, a promise or representation as to the future performance of Transocean
Ltd.

About Transocean

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, 80 mobile offshore drilling units consisting of 46 High-Specification
Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment drilling rigs), 23
Midwater Floaters and 11 High-Specification Jackups. In addition, we have six
Ultra-Deepwater Drillships and one High-Specification Jackup under
construction.

For more information about Transocean, please visit the website
www.deepwater.com.

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

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
the
information contained therein.

Source: Transocean Ltd via Thomson Reuters ONE
HUG#1723773
 
Press spacebar to pause and continue. Press esc to stop.