Transocean Says Total Value of New Contracts Since Last Update ~$14M

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 February 18, 2014.  The total value of new contracts since the February 18, 2014 Fleet Update Summary is approximately $14 million. Other items include: * GSF Galaxy III- Awarded an approximate two and one-half month contract extension for use as an accommodation unit in the U.K. sector of the North Sea at a dayrate of $180,000 ($14 million estimated backlog). The rig's prior dayrate was $226,000. * Estimated 2014 planned out-of-service time increased by a net two days. * The ultra-deepwater floater, GSF Development Driller I, is idle. The report can be accessed on the company's website at www.deepwater.com.