Transocean Ltd. RIG 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 May 15, 2013. The value of new contracts or extensions
since the May 15, 2013 fleet update summary is approximately $262 million.
Highlights are as follows:
* GSF Explorer - Awarded a one-year contract for work offshore India at a
dayrate of $412,000 ($150 million estimated backlog). The rig was
previously idle.
* Sedco 704 - Awarded a six-month contract extension at a dayrate of
$373,000. Additionally, the dayrate for the existing two-year contract
increased to $373,000 from $353,000 (estimated $80 million of incremental
backlog).
* Falcon 100- Awarded a 35-day contract for work offshore Congo at a dayrate
of $300,000 ($11 million estimated backlog). The rig was previously idle.
* Estimated 2013 out-of-service time increased by a net 138 days primarily
associated with contract preparation and mobilization of the GSF Explorer,
Falcon 100 and Deepwater Millennium.
* On May 17, 2013, the newbuild high-specification jackup, Transocean
Andaman, commenced its three-year contract for work offshore Thailand.
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