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

    was $297,000.

  * 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

    contract backlog).

  * 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.



         Forward-Looking Statements



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.



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,

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

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#1658961]