Transocean Offers Fleet Status Update: Cuts Planned OOS Time by Five Days for '14, Increased by 29 Days for '15

Transocean Ltd. (NYSE: 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, 2014. The report includes the following: o The high-specification jackup, GSF Magellan, is held for sale. o Estimated 2014 planned out-of-service time decreased by a net five days; estimated 2015 planned out-of-service time increased by a net 29 days.                                 The report can be accessed on the company's website at www.deepwater.com.