Transocean Provides Quarterly Fleet Status Report: The Aggregate Incremental Backlog Associated With These Fixtures Is ~$1.6B; As Of October 13, The Company’s Total Backlog Is ~$7.3B

Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company's fleet of offshore drilling rigs.   This quarter's report includes the following updates:

Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
 

This quarter’s report includes the following updates:

  • Deepwater Conqueror – Awarded a two-year contract in the U.S. Gulf of Mexico at $440,000 per day.
  • Deepwater Asgard – Awarded a one-well contract in the U.S. Gulf of Mexico at $395,000 per day plus a one-well option.
  • Deepwater Asgard – Awarded a one-year contract in the U.S. Gulf of Mexico at $440,000 per day.
  • Petrobras 10000 – Awarded a 5.8-year contract in Brazil at $399,000 per day escalating annually to $462,000 per day.
  • Development Driller III – Awarded a one-well contract in Suriname at $345,000 per day plus two one-well options.
  • Transocean Norge – Awarded a 17-well contract in Norway at dayrates between $350,000 and $430,000.
  • Dhirubhai Deepwater KG1 – Customer exercised a one-well option in India at $330,000 per day.
  • Paul B Loyd Jr – Customer exercised two 100-day options in the U.K. at $175,000 per day.
  • Transocean Spitsbergen – Customer exercised a one-well option in Norway at $316,000 per day.
     

The aggregate incremental backlog associated with these fixtures is approximately $1.6 billion. As of October 13, the company’s total backlog is approximately $7.3 billion.

The report can be accessed on the company’s website: www.deepwater.com.

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