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Transocean Ltd. Provides Quarterly Fleet Status Report
This quarter’s report includes the following updates:
- Seventh Generation Ultra-Deepwater Drillship (Deepwater Invictus, Deepwater Thalassa, or Deepwater Proteus) – Awarded a 1,080-day contract in
Mexicoat a rate of $480,000.
- Transocean Equinox – Awarded a five-well contract, plus a one-well option in
Australiaat a rate of $455,000.
- Transocean Equinox – Awarded a sixteen-well contract in
Australiaat a rate of $485,000, plus 21 one-well options at rates between $485,000and $540,000.
- Transocean Endurance – Awarded a two-well contract in
Norwayat a rate of $385,000.
- Transocean Barents – Awarded a one-well contract in
Lebanonat a rate of $365,000, plus 3 one-well options at rates that may vary between $350,000and $390,000.
- Transocean Encourage – Customer exercised six one-well options in
Norwayat a current rate of $464,000.
- Transocean Norge – Customer exercised a one-well option in
Norwayat a current rate of $365,000and 3 one-well options at a current rate of $420,000.
- Transocean Barents – Customer exercised a one-well option in the
East Mediterranean Seaat a rate of $370,000.
The aggregate incremental backlog associated with these fixtures is approximately
The report can be accessed on the company’s website: www.deepwater.com.
The statements described herein 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 could 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 fluctuation of current and future prices of oil and gas, the global and regional supply and demand for oil and gas, the intention to scrap certain drilling rigs, the success of our business following prior acquisitions, the effects of the spread of and mitigation efforts by governments, businesses and individuals related to contagious illnesses, such as COVID-19, and other factors, including those and other risks discussed in the company's most recent Annual Report on Form 10-K for the year ended
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