Transocean Latest Rig Fleet Update

MarineLink.com
Tuesday, August 20, 2013
'Clear Leader': Photo courtesy of Transocean

Transocean's update summary includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since July 17, 2013.  The total value of new contracts since the July 17, 2013 fleet status report is approximately $2.5 billion.

Estimated 2013 planned out-of-service time decreased by a net 172 days; estimated 2014 planned out-of-service time increased by a net 119 days.

Other highlights that confirm the company's new contracts announced on its recent second quarter 2013 results conference call are as follows:

  • Discoverer Inspiration - Awarded a five year contract extension for work in the U.S. Gulf of Mexico at a dayrate of $585,000 ($1.1 billion estimated backlog).  The rig's prior dayrate was $521,000.
  • Discoverer Clear Leader - Awarded a four year contract extension for work in the U.S. Gulf of Mexico at a dayrate of $590,000 ($861 million estimated backlog).  The rig's prior dayrate was $566,000.
  • GSF Galaxy I - Awarded a three year contract for work in the U.K. sector of the North Sea at an initial dayrate of $215,000 ($244 million estimated backlog).  The rig's prior dayrate was $133,000 as an accommodation unit.
  • Transocean Barents - Awarded a one year contract for work in the Norwegian sector of the North Sea at a dayrate of $601,000 ($219 million estimated backlog). The rig's prior dayrate was $580,000.
  • Henry Goodrich - Awarded a nine-month contract for work offshore Eastern Canada at a dayrate of $476,000 ($129 million estimated backlog).  The rig's prior dayrate was $347,000.
  • The company sold the deepwater floater, Transocean Richardson, which was previously stacked. The details of the transaction have not been disclosed.
  • Transocean Amirante is currently idle.

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