Transocean Fleet Update Summary

Posted by Eric Haun
Thursday, August 21, 2014

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since July 16, 2014. The total value of new contracts since the July 16, 2014 fleet status report is approximately $78 million.

On July 28, 2014, the newbuild ultra-deepwater drillship, Deepwater Invictus, commenced operations on its three-year contract in the U.S. Gulf of Mexico at a dayrate of $595,000. Additionally, the newbuild ultra-deepwater drillship, Deepwater Asgard, commenced operations on its three-year contract on August 21, 2014 at a dayrate of $600,000.

Other highlights include:
•Jack Bates - Awarded a two-well contract in Australia at a dayrate of $420,000 ($59 million estimated backlog). The rig's prior dayrate was $380,000.
•GSF Celtic Sea - Awarded a one-well contract in Angola at a dayrate of $338,000 ($15 million estimated backlog). The rig's prior dayrate was $328,000.
•Sedco Energy - The remaining contract term (401 days) on GSF Rig 135, operating in the Congo, was transferred to the Sedco Energy. The rig was previously idle.
•GSF Rig 135 - The remaining contract term (198 days) on Sedneth 701, operating in Nigeria, was transferred to GSF Rig 135.
•The high-specification jackup, GSF Magellan has been sold. The transaction details have not been disclosed.

Estimated 2014 planned out-of-service time increased by a net 28 days. Estimated 2015 planned out-of-service time increased by a net 236 days due primarily to approximately 97 days associated with projects deferred from 2014 and 81 days on the Sedco Energy related to a special periodic survey.

deepwater.com
 

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