DOCSLIB.ORG

PROTECTIVE ORDER MATERIAL Page 1 of 1 I, Walter Bratic

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
PROTECTIVE ORDER MATERIAL Page 1 of 1 I, Walter Bratic I, Walter Bratic, declare as follows: 1. Unless otherwise stated, I have personal knowledge of the statements herein, and if called to testify, I could and would testify competently to the truth of the statements herein. I have been asked to express my opinions regarding the commercial success of U.S. Patent Nos. 6,047,781, 6,068,069, and 6,085,851 (the “Transocean Dual-Activity Patents”), which are owned by Transocean Offshore Deepwater Drilling Inc. (“Transocean”). I am a Managing Director of OverMont Consulting, LLC (“OverMont”). I am a Certified Public Accountant licensed to practice in the state of Texas. I have over 25 years of experience analyzing economic, financial, valuation, and business matters involving patented technology. I have been retained in patent dispute matters and have analyzed and opined on issues related to commercial success of patented inventions. My qualifications are discussed in more detail in my resume. See Exhibit 2081. 2. I was retained in several Transocean patent infringement litigation matters in which certain Transocean patents, including the Transocean Dual-Activity Patents which are the subject of this declaration, were asserted against Maersk Contractors USA, Inc. (“Maersk”), Stena Drilling Limited (“Stena”), and Pacific Drilling S.A. (“Pacific”). My work on these patent litigation matters included analysis of the PROTECTIVE ORDER MATERIAL Page 1 of 1 001 commercial success attributable to Transocean’s dual-activity patents as required under Georgia-Pacific factor number 8.1 3. I have analyzed the following indicators of commercial success related to the Transocean Dual-Activity Patents: Day rate premium attributable to dual-activity technology; Dual-activity rig status compared to single activity rig status; and Industry preference for dual-activity rigs. 4. According to Dr. Claude Cooke, the offshore drilling industry uses the term “dual-activity” to describe offshore rigs that incorporate the teachings of the Transocean Dual-Activity Patents.2 Throughout this declaration, I shall use the term “dual-activity” to refer to rigs that incorporate the teachings of the Transocean Dual-Activity Patents. I understand that Transocean owned rights to a fourth patent that related to dual-activity technology, U.S. Patent No. 6,056,071.3 1 Georgia-Pacific Corp. v. United States Plywood Corp., 318 F. Supp. 1116 (S.D.N.Y. 1970). 2 Interview of Dr. Claude Cooke; See Exhibit 2077, ¶¶ 42 – 43. 3 Interview of Dr. Claude Cooke; See Exhibit 2077, ¶ 14. PROTECTIVE ORDER MATERIAL Page 2 of 2 002 However, I understand that U.S. Patent No. 6,056,071 does not provide for any additional benefits not claimed in the Transocean Dual-Activity Patents.4 I. Analysis of Day Rate Premium Transocean / Anadarko 5. In late 2005, Transocean announced that Anadarko Petroleum (“Anadarko”) had entered into three-year contracts for two of Transocean’s fifth generation deepwater drillships: Discoverer Spirit and Deepwater Millennium.5 The contracts were both expected to begin in June 2007.6 According to Mr. Calvin Barnhill, an industry technical expert retained by Transocean, the contracts reflected similar circumstances except for the presence of dual-activity technology in the Deepwater Spirit.7 6. Anadarko agreed to pay a day rate of approximately $475,000 per day for the Discoverer Spirit, and a day rate of $425,000 per day for the Deepwater 4 Interview of Dr. Claude Cooke. See Exhibit 2077, ¶ 14. 5 See Exhibits 2027 and 2028. 6 http://www.ogfj.com/articles/print/volume-2/issue-10/industry-briefs/transocean- awarded-contracts-for-drillships-discoverer-spirit-and-deepwater-millennium.html. 7 See Exhibit 2075, pg. 89 ¶285. PROTECTIVE ORDER MATERIAL Page 3 of 3 003 Millennium.8 This represented a day rate premium of $50,000 for Transocean’s patented dual-activity technology.9 Put another way, the presence of dual-activity technology contributed approximately 11% to the day rate that Anadarko agreed to pay for the Discoverer Spirit.10 Transocean / GlobalSantaFe 7. Transocean and GlobalSantaFe Corporation (“GlobalSantaFe”) have entered into drilling contracts that provide for a reduction in the day rate when dual- activity capability is not available (the “Dual Activity Repair Rate”).11 According to Dr. Cooke, the Dual Activity Repair Rate is triggered by the unavailability of dual-activity technology as opposed to non-patented elements.12 The Dual- 8 See Exhibit 2027, pg. 129, and Exhibit 2028, pg. 34. 9 $475,000 – $425,000 = $50,000. 10 ($475,000 – $425,000) / $475,000 = 11%. 11 For example, see Exhibits 2031 and 2033. 12 See Exhibit 2077, ¶¶ 80 and 83 – 84. PROTECTIVE ORDER MATERIAL Page 4 of 4 004 Activity Repair Rate in these contracts was approximately 8% to 10% lower than the standard day rate.13 Historical Day Rate Premium for Transocean Rigs with Dual-Activity Technology 8. The day rate premium between dual-activity and single activity rigs has been confirmed for Transocean’s ultra-deepwater rigs, historically, based on information obtained from the RigPoint database.14 RigPoint is an online tool that can track, monitor, and analyze offshore rig markets, and is recognized as “the most comprehensive, impartial source of global offshore rig information…”15 9. The following table shows the day rate premium associated with Transocean’s ultra-deepwater dual-activity rigs compared to ultra-deepwater single activity rigs from 1999 through 2016, based on the contract start date:16 13 For example, see Exhibit 2029, pgs. 27-28; Exhibit 2030, pgs. 27-28; Exhibit 2031, pg. 4; Exhibit 2033, pg. 48; Exhibit 2100, pg. 216. 14 See Appendix 4. I understand that Ultra-Deepwater rigs are defined as rigs that can operate in water depths over 7,500 ft. See Exhibit 2075, pg. 23 ¶54. 15 https://www.ihs.com/products/rigpoint-offshore-rig-data.html. 16 See Appendix 4.1. PROTECTIVE ORDER MATERIAL Page 5 of 5 005 Average Day Rate Premium of Transocean’s Ultra-Deepwater Rigs (1999 – 2016) Rig Type U.S. Worldwide Avg. Single Activity Day Rate $349,034 $362,781 Avg. Dual-Activity Day Rate 448,824 460,386 Day Rate Premium for Dual- Activity Rigs $99,790 $97,605 Day Rate Premium as % Avg. Dual-Activity Day Rate 22.2% 21.2% 10. The data in the above table indicates that, historically in the U.S., dual- activity rigs were contracted at day rates that were approximately $100,000 (or 22.2%) higher than those of single activity rigs. On a worldwide basis, historically, dual-activity rigs were contracted at day rates that were approximately $98,000 (or 21.2%) higher than those of single activity rigs. PROTECTIVE ORDER MATERIAL Page 6 of 6 006 Evidence of Pacific’s Day Rate Premium from Dual-Activity Technology 11. In the April 30, 2010 Offshore Drilling Contract between Chevron U.S.A. Inc. (“Chevron”) and Pacific Santa Ana Limited (“Pacific”) (the “Chevron / Pacific Contract”), the parties agreed to the following provision:17 In the event that Critical Path Operations are restricted on the secondary rotary to activities above the rotary table in order to maintain compliance with Section 2.1(C), the Operating Rate shall be reduced by fifty percent for the equivalent hours lost on the primary rotary resulting from the restriction of Services on the secondary rotary. 12. Section 2.1(C)(2) of the Chevron / Pacific Contract stated as follows:18 Contractor shall not operate the Drilling Unit in a manner that constitutes or results, following reasonable investigation by Contractor, in knowing infringement or contributory infringement of any patent. 17 See Exhibit 2102, pg. 51. 18 See Exhibit 2102, pg. 16. PROTECTIVE ORDER MATERIAL Page 7 of 7 007 13. Therefore, under the terms of the Chevron / Pacific Contract, the parties agreed that if Pacific was unable to use Transocean’s patented dual-activity technology, the operating rate would be reduced by 50%.19 This indicates that the functionality enabled by the Transocean Dual-Activity Patents20 had economic value to Pacific and Chevron. Hess / Stena Agreement 14. On September 21, 2007, Stena Drillmax Limited entered into a drilling contract with Hess to provide the Stena Forth for offshore drilling operations in the Gulf of Mexico (“GoM”) under a five-year contract (the “Hess Contract”).21 The Stena Forth was a dual-activity ultra-deepwater drillship offered by Transocean’s competitor, Stena Drilling Limited (“Stena”).22 19 See Exhibit 2077, ¶ 82. 20 See Exhibit 2077, ¶ 82. 21 See Exhibit 2101, pgs. 1, 8, and 52 – 53. 22 http://www.stena- drilling.com/uploads/vessels/80845_Stena_FORTH_Brochure_A4_FINAL_LO.pd f. The Stena Forth is licensed under Transocean’s Dual-Activity Patents. See Exhibits 2094, 2095, and 2096. PROTECTIVE ORDER MATERIAL Page 8 of 8 008 15. In the Hess Contract, there were three different Operating Rates provided for normal drilling operations, all expressed in U.S. dollars as follows:23 Option A Operating Rate: Under Option A, Hess was to reimburse Stena for the actual cost of any license entered into with respect to the Transocean Patent Claims, subject to an aggregate limit.24 Stena Drillmax III Limited retained the right to decide whether, when, and at what price and under what conditions to obtain any such license.25 The aggregate amount Hess could have to reimburse Stena Drillmax III Limited was equal to a lump sum payment of and a periodic payment equal to of Stena Drillmax III Limited’s day rate revenues.26 Option B Operating Rate: Under Option B, Stena was to bear the full cost of any license with respect to the Transocean Patent 23 See Exhibit 2101, pgs. 33 – 34. 24 See Exhibit
Load more

Recommended publications
  • 2021 Annual General Meeting and Proxy Statement 2020 Annual Report
    2020 Annual Report and Proxyand Statement 2021 Annual General Meeting Meeting General Annual 2021 Transocean Ltd. • 2021 ANNUAL GENERAL MEETING AND PROXY STATEMENT • 2020 ANNUAL REPORT CONTENTS LETTER TO SHAREHOLDERS NOTICE OF 2021 ANNUAL GENERAL MEETING AND PROXY STATEMENT COMPENSATION REPORT 2020 ANNUAL REPORT TO SHAREHOLDERS ABOUT TRANSOCEAN LTD. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. In addition, Transocean is constructing two ultra-deepwater drillships. Our shares are traded on the New York Stock Exchange under the symbol RIG. OUR GLOBAL MARKET PRESENCE Ultra-Deepwater 27 Harsh Environment 10 The symbols in the map above represent the company’s global market presence as of the February 12, 2021 Fleet Status Report. ABOUT THE COVER The front cover features two of our crewmembers onboard the Deepwater Conqueror in the Gulf of Mexico and was taken prior to the COVID-19 pandemic. During the pandemic, our priorities remain keeping our employees, customers, contractors and their families healthy and safe, and delivering incident-free operations to our customers worldwide. FORWARD-LOOKING STATEMENTS Any statements included in this Proxy Statement and 2020 Annual Report that are not historical facts, including, without limitation, statements regarding future market trends and results of operations are forward-looking statements within the meaning of applicable securities law.
    [Show full text]
  • Supplemental Prospectus COMPULSORY ACQUISITION OF
    Supplemental Prospectus COMPULSORY ACQUISITION OF SHARES IN Songa Offshore SE by Transocean Ltd. Supplemental information to the prospectus dated 16 February 2018 (the “Prospectus”) concerning the Compulsory Acquisition of all remaining shares in Songa Offshore SE (“Songa Offshore,” and together with its consolidated subsidiaries, the “Songa Group”) not owned by Transocean Ltd. (“Transocean” or the “Company”). The Compulsory Acquisition is governed by article 36 of the Cyprus Takeover Bids Law. The Compulsory Acquisition has been initiated following completion of the Voluntary Tender Offer resulting in Transocean acquiring shares of Songa Offshore representing 97.67% (on a fully diluted basis as of 30 January 2018) of the voting rights in Songa Offshore. Neither the U.S. Securities Exchange Commission (the “SEC”) nor any U.S. state securities commission has approved or disapproved of the securities to be issued in connection with the Compulsory Acquisition or passed upon the adequacy or accuracy of the Prospectus or this document. Any representation to the contrary is a criminal offense. Information about the Compulsory Acquisition is contained in this document and the Prospectus, which we urge you to read. In particular, we urge you to read Section 2 “Risk Factors” beginning on page 17 of the Prospectus. Financial Advisor and Settlement Agent 7 March 2018 2 IMPORTANT INFORMATION This supplemental prospectus (the “Supplemental Prospectus”) is a supplement to the Prospectus dated 16 February 2018, which has been prepared by Transocean
    [Show full text]
  • July 2017 Fleet Status Report.Pdf
    Transocean Ltd. Provides Quarterly Fleet Status Report ZUG, Switzerland, July 25, 2017—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. As of July 25, 2017, the company’s contract backlog is $10.2 billion. The ultra-deepwater semisubmersible GSF Development Driller I was awarded a three-well contract plus two one-well options offshore Australia. Following a cold-stacked reactivation and mobilization, the floater is expected to commence operations in the first quarter of 2018. The report also includes the following: Deepwater Asgard – Awarded a two-well contract in the U.S. Gulf of Mexico. The ultra- deepwater drillship was previously idle. Development Driller III – Awarded a two-well contract. The ultra-deepwater semisubmersible was previously idle. Dhirubhai Deepwater KG2 – Customer exercised two one-well options offshore Myanmar. Paul B. Loyd, Jr. – Customer exercised a one-well option in the U. K. North Sea. Transocean Arctic – Customer exercised three one-well options in the Norwegian North Sea. The midwater floaters Transocean Prospect and Transocean Searcher were classified as held for sale. The rigs will be recycled in an environmentally responsible manner. The report can be accessed on the company’s website: www.deepwater.com. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.
    [Show full text]
  • Transocean Ltd. Provides Quarterly Fleet Status Report
    Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland—July 23, 2018—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. Since the prior Fleet Status Report, the company has added approximately $405 million in contract backlog. As of today, the company’s backlog is $11.7 billion, which includes dayrate reductions on four of the company’s newbuild drillships related to cost de-escalations attributable to down-manning. The ultra-deepwater semisubmersible Development Driller III was awarded a 180-day contract offshore Equatorial Guinea. Following maintenance, reactivation and a contract preparation period, the floater is expected to commence operations in the first quarter of 2019. This report also includes the following new contracts: Deepwater Asgard – Customer exercised a one-well option; GSF Development Driller I – Awarded an 11-well contract plus four one-well options offshore Australia; Deepwater Nautilus – Customer exercised two one-well options offshore Malaysia; Transocean Spitsbergen – Awarded a three-well contract plus six one-well options offshore Norway. In addition, customer exercised two one-well options; Transocean Barents – Awarded a six-month contract extension plus an option offshore Eastern Canada; Transocean Leader – Awarded a one-well contract in the U.K. North Sea; Transocean Arctic – Customer exercised a one-well option offshore Norway; and Transocean 712 – Awarded a 13-well contract plus a one-well option in the U.K. North Sea. As previously announced, the company has retired, in an environmentally responsible manner, the following four floaters: Deepwater Discovery, Deepwater Frontier, Deepwater Millennium and Songa Trym.
    [Show full text]
  • View Annual Report
    2007 the dawn of the n e w transocean Proxy Statement & 2007 Annual Report CONTENTS SHAREHOLDERS’ LETTER NOTICE OF 2008 ANNUAL GENERAL MEETING AND PROXY STATEMENT 2007 ANNUAL REPORT TO SHAREHOLDERS ABOUT TRANSOCEAN INC. We are the world’s largest offshore drilling contractor and the leading provider of drilling management services worldwide. With a fleet of 138 mobile offshore drilling units, plus eight ultra-deepwater units under construction, our fleet is considered one of the most modern and versatile in the world due to its emphasis on technically demand- ing segments of the offshore drilling business. We have more than 21,000 personnel worldwide. Since launching the offshore industry’s first jackup drilling rig in 1954, we have achieved a long history of techno- logical “firsts.” These innovations include the first dynamically positioned drillship, the first rig to drill year-round in the North Sea, the first semisubmersible rig for Sub-Arctic, year-round operations and the latest generations of ultra-deepwater semisubmersible rigs and drillships. In addition, we presently are constructing eight of the most modern and advanced drillships and semisubmersible rigs. Our equity market capitalization was approximately $41.9 billion at March 10, 2008, the largest among all offshore drilling companies. Our ordinary shares are traded on the New York Stock Exchange (NYSE) under the symbol RIG. Transocean: We’re never out of our depth.TM * As of March 10, 2008. Excludes two idle rigs held for sale, one de-watering unit and one coring drillship. ABOUT THE COVER: The ultra-deepwater drillship Discoverer Clear Leader, one of eight newbuild units scheduled to enter the Transocean fleet in the next few years, is being constructed in Korea and will include the most advanced offshore drilling technology.
    [Show full text]
  • Transocean Ltd. Provides Quarterly Fleet Status Report
    Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland—April 18, 2018—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. As of today, the company’s contract backlog is $12.5 billion. This report includes the following: GSF Development Driller I – Awarded a one-well contract offshore Australia; Transocean Spitsbergen – Customer exercised two one-well options in the Norwegian North Sea; Transocean Arctic – Awarded a one-well contract, plus a one-well option in the Norwegian North Sea; and Henry Goodrich – Customer exercised a six-month option offshore Eastern Canada. The report can be accessed on the company’s website: www.deepwater.com. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 47 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, 12 harsh environment floaters, two deepwater floaters and six midwater floaters. In addition, Transocean owns two ultra-deepwater drillships under construction. The company also operates one high-specification jackup that was under a drilling contract when the rig was sold, and the company will continue to operate the jackup until completion or novation of the drilling contract.
    [Show full text]
  • D E E P W a T
    O FFSHORE DRILLING DEEPWATER Out in this deep exploration frontier, the risks are big – but the rewards could be bigger Anadarko renewed its contract for Transocean’s Discoverer Spirit, a dual-activity, 10,000-ft drillship, in November at $520,000/day for three years. Transocean’s dual- activity system has provided operators enhanced value and may become “a de facto standard in worldwide deepwater drilling,” said Transocean senior vice president North & South America Rob Saltiel. 20 May/June 2008 DRILLIN G CONTRACTOR O FFSHORE DRILLING GULF OF MEXICO a high-rolling paradise By Linda Hsieh, assistant managing editor THESE DAYS, you have to look much further out in the Gulf of Mexico – past the slowly thinning jackups on the shelf – to see the region’s brightest prospects. It’s no secret that deepwater is seen as the future of the Gulf of Mexico. Significant discoveries in the last couple of years have fur- ther delineated the Lower Tertiary trend and given opera- tors much to thrill over. And with crude oil prices breaking the $100 mark and showing no signs of backing down, deepwater GOM has fully grown into a “must-get” market. Just look at the March 2008 Gulf of Mexico lease sales, which roped in a record-setting $3.7 billion in high bids. Roughly a third of the tracts were located in 5,249 ft (1,600 m) of water or deeper, according to the US Minerals Management Service. Or look at the renewal contract that Transocean announced later the same month for its ultra-deepwater semisubmersible Deepwater Nautilus.
    [Show full text]
  • Statements and World Wide References
    Statements and World Wide References Last updated 10 February 20 Chairman 49 LETTERS OF RECOMMENDATION Presented in this folder is a se- lection of statements received from our customers. They demonstrate our extensive client base both on and offshore, in- cluding rigs, fleets, industry and civil engineering projects. Our clients each have their own unique require- ments for high quality products and a professional turnkey delivery with a minimum of interruption to their operations. Fire Security’s coating and repair systems have ob- tained type approval certificates from the world’s leading international classification societies. Ole Tom Eidjord Chairman Transocean’s mission is to be the premier offshore drilling company by providing worldwide, rig-based well construction services to their customers through the integration of motivated people, quality equipment, and innovative technology, with a particular focus on technically demanding environments. FS Page 2 FS Page 3 LETTERS OF RECOMMENDATION Mott MacDonald is a uniquely diverse range of consultants delivering engineering, AsElectricity the fifth and largest Water publicly-tradedAuthority (EWA) integrated in the Kingdom oil and gas of Bahraincompany providesin the world and management, and development in extremely high profile projects across the world, aelectricity major actor and in water the chemicals services at business, the highest TOTAL level ofhas quality operations and reliability in more than to ensure 130 working to meet some of the world’s most significant challenges within sectors like countriessustainable on development five continents and uninterruptedwith approximately services. 97,000 employees. To meet growing energy, industry, transportation, and the environment. energy needs on a long-term basis, TOTAL’s strategyinvolves deploying a sustainable growth model.
    [Show full text]
  • 2020 Annual General Meeting and Proxy Statement 2019 Annual Report
    2020 Annual General Meeting and Proxy Statement 2019 Annual Report CONTENTS LETTER TO SHAREHOLDERS NOTICE OF 2020 ANNUAL GENERAL MEETING AND PROXY STATEMENT COMPENSATION REPORT 2019 ANNUAL REPORT TO SHAREHOLDERS ABOUT TRANSOCEAN LTD. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 45 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, 14 harsh environment floaters and three midwater floaters. In addition, Transocean is constructing two ultra-deepwater drillships. Our shares are traded on the New York Stock Exchange under the symbol RIG. OUR GLOBAL MARKET PRESENCE Ultra-Deepwater 28 Harsh Environment 14 Midwater 3 The symbols in the map above represent the company’s global market presence as of the February 14, 2020 Fleet Status Report. ABOUT THE COVER The front cover features one of our harsh environment semisubmersibles, the Transocean Spitsbergen, the world’s first hybrid powered dynamically positioned floating drilling unit. FORWARD-LOOKING STATEMENTS Any statements included in this Proxy Statement and 2019 Annual Report that are not historical facts, including, without limitation, statements regarding future market trends and results of operations are forward-looking statements within the meaning of applicable securities law. Such statements are subject to numerous risks and uncertainties beyond our control and our actual results may differ materially from our forward- looking statements.
    [Show full text]
  • Transocean Ltd. ( RIG ) 10−Q
    Transocean Ltd. ( RIG ) BLANDONNET INTERNATIONAL BUSINESS CENTER VERNIER, V8, 1214 41−58−792−92 10−Q Quarterly report pursuant to sections 13 or 15(d) Filed on 8/4/2010 Filed Period 6/30/2010 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q (Mark one) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2010 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____. _________________________ Commission file number 000-53533 TRANSOCEAN LTD. (Exact name of registrant as specified in its charter) Zug, Switzerland 98-0599916 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Chemin de Blandonnet 10 1214 Vernier, Switzerland (Address of principal executive offices) (Zip Code) +41 (22) 930-9000 (Registrant’s telephone number, including area code) _________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
    [Show full text]
  • Deepwater Frontier Drillships, Have Taken Ultra-Deep- “As the Largest, Most Experienced Deepwater Water Drilling to Greater Levels in Brazil
    OOFFSHOREFFSHORE FFRORONTIERSNTIERS Latin America: The Next Generation A Transocean Inc. Publication July 2005 Robert L. Long President and CEO Welcome Brazil’s excellence in deepwater leadership is well known worldwide, and Transocean is honored to provide offshore drilling services that support the country's drive for energy self-sufficiency. Our long history in Brazil of more than 40 years has allowed us to tap into the tremendous resource which the people of this country represent. Over 85% of our people in Brazil are Brazilian and their expertise and professionalism are as good as anywhere in the world. Some of the highlights of our history include Brazil’s first jackup drilling rig in 1968 and world water-depth drilling records in 2001 by the drillships Deepwater Millennium and Deepwater Expedition. In addition, the Fifth-Generation semisubmersible Sedco Express holds the record for the fastest offshore well in Brazilian history drilled in less than seven days. We also have the tremendous achievement of the Sedco 135D de-watering unit’s 15 years without a lost-time incident, including 12 years as a mobile offshore drilling unit, and the Sedco 707’s 0.20% downtime year-to-date through June 2005. With the recent award by Petroleo Brasileiro S.A. (Petrobras) of term contracts for five of our rigs with a combined 19 rig years, Transocean is further positioned for offshore drilling leadership in Brazil. At the same time, Latin American countries from Argentina to Mexico are pursuing deepwater projects, which would add to rig demand in this part of the world. To help meet offshore drilling demand in Brazil and elsewhere, we must deliver the safest and most effective offshore drilling services possible.
    [Show full text]
  • Real-Time Systems for Offshore Oil & Gas Operations
    Real-Time Systems for Offshore Oil & Gas Operations Real-Time Systems for Offshore Operations - Why? State-of-the-art real-time monitoring systems provide the means to measure ocean current profiles in ultra deep water, surface currents, waves, winds, and structure positions and motions. In common applications, real-time data are updated at 10-minute intervals and can be displayed on the host facility and transmitted to multiple loca- tions as needed on shore. The reasons for collecting current profiles are wide ranging – from satisfying regula- tions (MMS NTL No. 2007-G17 in the Gulf of Mexico) – to assisting operations by monitoring sometimes rapid changes in the strength of currents associated with mesoscale features such as eddies – to collecting data to improve regional data bases used in design. Woods Hole Group provides design, installation, operation and maintenance of integrated Rig Experience Artic 1 systems and software to meet diverse customer requirements. Atwood Hunter Deepwater Millennium Deepwater Pathfinder Real-Time System Description Discoverer 534 Discoverer Enterprise • Sensors and Deployment Mechanism Discoverer Spirit A typical monitoring system consists of a deployment frame, a low frequency (38 ENSCO 7500 or 75kHz) acoustic Doppler current profile (ADCP) looking downward to a depth Falcon 100 of up to 1000m, an optional high frequency (300kHz) ADCP profiling upward, a Glomar Explorer meteorological station, and one control PC with data output to the local network. Glomar Jack Ryan GSF Celtic Sea The deployment frame may consist of an elevated deck, a hydraulic lifting boom, GSF CR Luigs and a pneumatic winch for an over-the-side deployment.
    [Show full text]