Market Overview

Transocean Offers Fleet Status Update, Value of New Contracts ~$48M

Share:
Related RIG
Morning Market Gainers
Thursday's #PreMarket Movers: Salesforce, Gogo And Frontline Move Higher Following Earnings
Ensco plunges 8% following surprise dividend cut (Seeking Alpha)

Transocean Ltd. (NYSE: RIG) 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 total value of new contracts since the December 18, 2013 Fleet Update Summary is approximately $48 million.

Other items include:

* GSF Arctic III- Awarded a two-well contract in the U.K. sector of the North Sea at a dayrate of $410,000 ($48 million estimated backlog). The rig's prior dayrate was $339,000.

* Sedco Energy and Transocean Marianas, ultra-deepwater and deepwater floaters, respectively, are idle.

* Estimated 2013 out-of-service time increased by a net 25 days; estimated 2014 out-of-service time increased by a net two days.

* The high-specification jackup, GSF Monitor, is held for sale; the rig was previously idle.

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

Posted-In: News

 

Related Articles (RIG)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→