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Transocean Ltd. Provides Quarterly Fleet Status Report
This quarter’s report includes the following updates:
- Deepwater Corcovado – Customer exercised a 680-day option in
- Deepwater Mykonos – Customer exercised a 815-day option in
- Development Driller III – Awarded a one-well contract extension in
- Development Driller III – Awarded a one-well contract, plus a one-well option in
- Transocean Norge – Awarded a one-well contract in
- Transocean Barents – Awarded a three-well contract in Norway;
- Paul B Loyd, Jr. – Awarded a 78-day contract extension in the
U.K. North Sea; Dhirubhai DeepwaterKG1– Customer exercised a seven-well option in India; and
- Deepwater Nautilus – Customer provided notice of termination of its drilling contract in
Additionally, the company has retired the
The report can be accessed on the company’s website: www.deepwater.com.
Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and operates one of the most versatile offshore drilling fleets in the world.
Transocean owns or has partial ownership interests in, and operates a fleet of, 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships.
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 Transocean and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean.