Marine Link
Monday, December 5, 2016

Transocean Latest Rig Fleet Update

July 18, 2013

The total value of new contracts since Transocean (RIG)'s June 13, 2013 fleet update summary is approximately $180 million.

Estimated 2013 out-of-service time increased by a net 76 days primarily due to work to be performed on the Sedco 704.  Forecasted out-of-service time for 2014 is also provided on a rig by rig basis.  Relative to preliminary guidance provided in February, out-of-service time for 2014 decreased by a net 381 days due to refinements in the timing and scope of projects, including the previously disclosed acceleration of the Deepwater Millennium shipyard project which is expected to commence later in the third quarter of 2013.

Other highlights are as follows:

  • Deepwater Frontier - Contract modified to be well-based with an associated extension into the fourth quarter of 2014.  Effective March 1, 2013 the contract dayrate increased to $534,000 from $475,000.  The rate will increase to $565,000 effective March 1, 2014 (incremental backlog of approximately $152 million).
  • Transocean Rather - Awarded a one-well contract extension for work offshore Angola at a dayrate of $400,000 ($28 million estimated backlog).
  • The C.K. Rhein, Sedco 703, and Sedco 709 are currently held for sale. The floaters were previously stacked.
  • GSF Arctic I is currently stacked.
     

www.deepwater.com



 
Maritime Reporter Magazine Cover Nov 2016 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News