Transocean's Fleet Update Summary

November 19, 2014

 Transocean Ltd. 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 October 15, 2014.  The total value of new contracts since the October 15, 2014 Fleet Status Report is approximately $83 million.

The report includes the following:

- Discoverer Enterprise - Awarded a one-well contract extension in the U.S. Gulf of Mexico at a dayrate of $399,000 ($32 million estimated backlog). The rig's prior dayrate was $615,000.

- GSF Galaxy III - Awarded a four month contract as an accommodation unit in Denmark at a dayrate of $175,000 ($23 million estimated backlog). The rig's prior dayrate was $160,000.

- Cajun Express - Awarded a one-well contract extension in Senegal at a dayrate of $487,000 ($15 million estimated backlog). The rig's prior dayrate was $596,000.

- Discoverer Seven Seas - Customer exercised a one-well option at an undisclosed location at a dayrate of $400,000 ($13 million estimated contract backlog). The rig's prior dayrate was $400,000.

- The ultra-deepwater floaters Deepwater Discovery and Sedco Express, and the midwater floater GSF Arctic III, are idle.

- Estimated 2014 planned out-of-service time increased by a net one day.  Estimated 2015 planned out-of-service time decreased by a net 225 days, including 173 days associated with Deepwater Discovery and Sedco Express.

The report can be accessed on the company's website at www.deepwater.com

Related News

US House Panel to Hold Hearing on Baltimore Bridge Collapse Houthi Leader Vows to Escalate Attacks on Merchant Shipping VARD to Build Hybrid Ocean Energy Construction Vessel for Island Offshore Conflict Heating Up Over Cosco's Megaport in Peru Authorities Identify Sixth Bridge Collapse Victim