Transocean Ltd Provides Fleet Update Summary
2012-11-19 03:59:40 -
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 October 17, 2012. Backlog for new contracts or extensions
associated with continuing operations since the October 17, 2012 fleet status
report is approximately $1.1 billion.
Estimated 2012 out of service time for continuing operations increased by a net
25 days; 2013 out of service time decreased by a net 39 days. Estimated out of
service time on rigs classified as discontinued operations increased by a net
93 days for 2012 and decreased by a net five days for 2013. The net increase
in out of service time for discontinued operations for 2012 and 2013 includes
86 days to complete repairs on the GSF Key Hawaii.
Other highlights are as follows:
* Discoverer Americas - Awarded a two-year contract for work in the U.S. Gulf
of Mexico at a dayrate of $600,000 ($438 million contract backlog). The
rig's prior dayrate was $509,000.
* GSF Grand Banks - Awarded a 32-month contract for work offshore Canada at a
dayrate of $410,000 ($394 million contract backlog). The rig's prior dayrate
* Transocean Winner - Customer exercised a six-well option for work in the
Norway sector of the North Sea at a dayrate of $461,000 ($166 million
* GSF Monarch - Awarded an 18-month contract for work in the U.K. sector of
the North Sea at a dayrate of $162,000 ($87 million contract backlog). The
rig's prior dayrate was $95,000.
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,
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
For more information about Transocean, please visit the website
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Source: Transocean Ltd via Thomson Reuters ONE