Transocean Ltd. Provides Fleet Update Summary

Transocean Ltd. Provides Fleet Update Summary

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) ) today issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since October 16, 2013. The total value of new contracts since the October 16, 2013 Fleet Status Report is approximately $166 million.

Other items include:

Discoverer Enterprise – Awarded a nine-month contract extension for work in the U.S. Gulf of Mexico at a dayrate of $615,000 ($166 million estimated backlog). The rig’s prior dayrate was $515,000.
The ultra-deepwater floater, Deepwater Discovery, is idle.
Estimated 2013 planned out-of-service time increased by a net 37 days; estimated 2014 planned out-of-service time increased by a net 6 days.
The company sold the standard jackup, GSF Rig 127, which was previously held for sale. The details of the transaction have not been disclosed.

Oil and Gas Press

#FOLLOW US ON INSTAGRAM