Market Overview

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

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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

 

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