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Transocean Ltd. Announces $352.9 Million in New Rig Contracts, Options Exercised By Customers
STEINHAUSEN,
“Customer demand for the highest specification ultra-deepwater floaters now equals or exceeds the number of marketable rigs currently available in many areas,” said
Since its last Fleet Status Report issued in
Rig Name | Customer | Location | Duration/ Days |
Dayrate | Backlog Estimate |
Contract Date |
||
New Contracts | ||||||||
Leiv Eiriksson | ConocoPhillips | Norway | 125 | $ | 235,000 | $ | 29,375,000 | Nov. 2019 |
Discoverer Inspiration | Talos | USGOM | 120 | $ | 210,000 | $ | 25,200,000 | Dec. 2019 |
Deepwater Asgard | Beacon | USGOM | 200 | $ | 220,000 | $ | 44,000,000 | Dec. 2019 |
Development Driller III | Undisclosed | Trinidad | 365 | $ | 250,000 | $ | 91,250,000 | Dec. 2019 |
Dhirubhai Deepwater KG2 | Woodside | Myanmar | 180 | $ | 250,000 | $ | 45,000,000 | Jan. 2020 |
Exercised Options | ||||||||
Deepwater Invictus | BHP | USGOM | 365 | $ | 155,000 | $ | 56,575,000 | Oct. 2017 |
Transocean Norge (Opt. 1) | Equinor | Norway | 32 | $ | 291,000 | $ | 9,313,000 | Sept. 2018 |
Transocean Norge (Opt. 2) | Equinor | Norway | 32 | $ | 291,000 | $ | 9,313,000 | Sept. 2018 |
Deepwater Nautilus | Petronas | Malaysia | 180 | $ | 140,000 | $ | 25,200,000 | Mar. 2019 |
Deepwater Asgard | Beacon | USGOM | 74 | $ | 240,000 | $ | 17,760,000 | Jan. 2020 |
TOTAL ADDED | $ | 352,986,000 |
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Forward-Looking Statements
The statements described in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements contain words such as "possible," "intend," "will," "if," "expect," or other similar expressions. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out-of-service time, sales of drilling units, timing of the company’s newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, the intention to scrap certain drilling rigs, the success of our business following the acquisitions of
This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations. Investors must rely on their own evaluation of
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Source: Transocean Ltd.