Transocean Ltd. Provides Fleet Update Summary

Transocean Ltd. Provides Fleet Update Summary

ID: 175156

(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 - August 15, 2012) - 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 July 18, 2012. Backlog
associated with new contracts or extensions since the July 18, 2012 fleet status
report is approximately $600 million. Estimated out of service time for 2012
increased by a net 29 days; 2013 decreased by a net 61 days.

Highlights are as follows:

* Sedco 714 - Awarded a one-year contract extension for work in the U.K.
sector of the North Sea at a dayrate of $395,000 ($144 million contract
backlog). The rig's prior dayrate was $253,000.
* Transocean John Shaw - Awarded a one-year contract extension for work in the
U.K. sector of the North Sea at a dayrate of $360,000 ($131 million contract
backlog). The rig's prior dayrate was $318,000.
* Sedneth 701 - Awarded a one-year contract for work offshore Nigeria at a
dayrate of $311,000 ($114 million contract backlog). The rig's prior
contract dayrate was $275,000.
* GSF Key Manhattan - Awarded a two-year contract extension for work offshore
Italy at a dayrate of $134,000 ($97 million contract backlog). The rig's
prior dayrate was $137,000.
* GSF Galaxy II - Awarded a three-well contract extension for work in the U.K.
sector of the North Sea at a dayrate of $210,000 for the first well and
$220,000 per day for the remaining wells ($76 million contract backlog). The
rig's prior contract dayrate was $190,000.
* Discoverer 534 is currently held for sale. The rig was previously stacked.





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, sales of drilling units, 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. We own or have partial ownership interests in
and operate a fleet of 128 mobile offshore drilling units consisting of 49 High-
Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment
semisubmersibles and drillships), 25 Midwater Floaters, 10 High-Specification
Jackups, 43 Standard Jackups and one swamp barge. In addition, we have two
Ultra-Deepwater Drillships and three High-Specification Jackups under
construction. 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.

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

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#1634221]




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Bereitgestellt von Benutzer: hugin
Datum: 15.08.2012 - 22:27 Uhr
Sprache: Deutsch
News-ID 175156
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