Transocean Issues Fleet Summary Update, Says Total Value of New Deals $292M

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 November 18, 2013.  The total value of new contracts since the November 18, 2013 Fleet Update Summary is approximately $292 million. Other items include: * Cajun Express - Awarded a six-well contract at a dayrate of $495,000 ($181 million estimated backlog). The rig's prior dayrate was $600,000. * Deepwater Discovery - Awarded an eight-month contract at a dayrate of $461,000 ($111 million estimated backlog). The rig was previously idle. * The high-specification jackup, GSF Monitor, is idle. * Estimated 2013 planned out-of-service time decreased by a net 16 days; estimated 2014 planned out-of-service time decreased by a net 36 days. The report can be accessed at www.deepwater.com by selecting the Fleet Status Report link in the toolbar.