Transocean Ltd. Provides Fleet Update Summary

Transocean Ltd. Provides Fleet Update Summary

ID: 125474

(Thomson Reuters ONE) -
Transocean Ltd. /
Transocean Ltd. Provides Fleet Update Summary
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The issuer is solely responsible for the content of this announcement.

ZUG, SWITZERLAND--(Marketwire - March 15, 2012) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) today issued a monthly fleet update summary which includes newly
signed contracts, significant changes to existing contracts, and changes in
estimated planned out of service time of 15 days or longer for all rig
classifications since the previously issued comprehensive fleet status report or
fleet update summary. Significant highlights include the following:

* Deepwater Expedition - Awarded a two-year contract with an undisclosed
customer commencing December 2012 at an initial dayrate of $650,000 ($475
million contract backlog). Additionally, the contract includes three priced
eight-month option periods.
* Discoverer Seven Seas - Awarded a three-well contract (approximately 180
days) for work offshore Indonesia at a dayrate of $445,000 ($80 million
contract backlog). The rig's prior dayrate was $295,000.
* GSF Arctic III - Awarded a three-month contract extension in the U.K. sector
of the North Sea at a dayrate of $315,000 ($28 million contract backlog).
The rig's prior dayrate was $280,000.
* Planned 2012 out of service time increased by a net 284 days, including 140
days associated with preparing the Deepwater Expedition, Discoverer Seven
Seas, and Trident XIV for new or anticipated contracts.
* As previously disclosed, the Deepwater Millennium and the GSF Grand Banks
shipyards were completed and the rigs are currently operating. In addition,
since the previous fleet update summary, the GSF Rig 140 has left the
shipyard and is en route to India.

The fleet update summary can be accessed at www.deepwater.com by clicking on the




Fleet Status Report link found in the toolbar.

Forward-Looking Statements

Statements regarding the estimated duration of customer contracts, contract
dayrate amounts, future contract commencement dates and locations, planned
shipyard projects and other out of service time, as well as any other statements
that are not historical facts in the report, are forward-looking statements that
involve certain risks, uncertainties and assumptions. These include but are not
limited to operating hazards and delays, risks associated with international
operations, actions by customers and other third parties, the future prices of
oil and gas and other factors detailed in the company's most recent Form 10-K
and other filings with the Securities and Exchange Commission. Should one or
more of these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from those
indicated.

About Transocean

Transocean is a leading international provider of offshore contract drilling
services for oil and gas wells. Transocean owns or has partial ownership
interests in and operates a fleet of 132 mobile offshore drilling units
consisting of 50 High-Specification Floaters (Ultra-Deepwater, Deepwater and
Harsh-Environment semisubmersibles and drillships), 25 Midwater Floaters, nine
High-Specification Jackups, 47 Standard Jackups and one swamp barge. In
addition, we have two Ultra-Deepwater Drillships and four High-Specification
Jackups under construction. Transocean specializes in technically demanding
sectors of the global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services. We believe we operate one of
the most versatile offshore drilling fleets in the world.

For more information about Transocean, please visit the website at
www.deepwater.com.

Analyst Contacts:
Thad Vayda
+1 713-232-7551

Diane Vento
+1 713-232-8015

Chris Kettmann
+1 713-232-7420

Media Contact:
Guy A. Cantwell
+1 713-232-7647






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Transocean Ltd. via Thomson Reuters ONE

[HUG#1594550]


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Datum: 15.03.2012 - 21:15 Uhr
Sprache: Deutsch
News-ID 125474
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