News Release +1 713-232-7551
Transocean Ltd. Investor Relations and Corporate Communications Analyst Contacts: Thad Vayda News Release +1 713-232-7551 Diane Vento +1 713-232-8015 Media Contact: Chris Kettmann FOR RELEASE: May 15, 2014 +1 713-232-7647 TRANSOCEAN LTD. PROVIDES FLEET UPDATE SUMMARY ZUG, SWITZERLAND—May 15, 2014—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 April 17, 2014. The total value of new contracts since the April 17, 2014 Fleet Status Report is approximately $953 million. Other highlights include: Dhirubhai Deepwater KG1 – Awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog). The rig’s prior dayrate was $510,000. Paul B. Loyd, Jr. – Awarded a two year contract extension in the U.K. North Sea at a dayrate of $430,000 ($314 million estimated backlog). The rig’s prior dayrate was $447,000. GSF Development Driller II – Awarded a three-well contract in the Black Sea offshore Romania at a dayrate of $360,000 ($97 million estimated backlog). The rig’s prior dayrate was $606,000. GSF Constellation II – Customer exercised a one year option offshore Gabon at a dayrate of $165,000 ($60 million estimated backlog). The rig’s prior dayrate was $165,000. Sedco 706 – The remaining backlog from the Sedco 710 contract in Brazil has been transferred to the Sedco 706. Estimated 2014 planned out-of-service time increased by a net 485 days, including 354 days primarily associated with contract preparation and mobilization on the Dhirubhai Deepwater KG1, GSF Development Driller II and Polar Pioneer; and 121 days related to the shipyard acceleration into 2014 from 2015 on the GSF C.R.
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