Transocean Ltd. Issues Statement of Clarification

Transocean Ltd. Issues Statement of Clarification

ID: 20722

(Thomson Reuters ONE) -
Transocean Ltd. / Transocean Ltd. Issues Statement of Clarification processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.

ZUG, SWITZERLAND--(Marketwire - May 11, 2010) - In response to several
inaccurate reports that detail Transocean's (NYSE: RIG) (SIX: RIGN) treatment of
crew members immediately following the April 20, 2010 explosion aboard the
Deepwater Horizon, including erroneous allegations that crew members were asked
to sign "waivers," the Company would like to clarify the series of events that
transpired that evening and the days after the incident.

* U.S. Coast Guard, as on-scene incident command, not Transocean, in control
of rescue vessel: All decisions aboard the rescue boat, the Damon Bankston,
were made solely by the Coast Guard and all efforts to transport crew
members from the rig to shore were coordinated by the Coast Guard according
to standard maritime procedures. The Company's immediate concern was to
account for all those aboard the rig and to search for those 11 men who were
ultimately determined lost. All decisions aboard the rescue boat were made
solely by the Coast Guard, including the length of time crew members were
kept at sea, the final destination port and the decision not to allow them
use of the satellite phones aboard the boat. Those crew members who were
critically injured were immediately transported by Medevac to the
appropriate medical facilities. All actions taken by the Coast Guard were
consistent with those taken during other emergency actions at sea.

* Transocean did not present incident response forms when crew members arrived
at shore: The rescue ship arrived at Port Fourchon approximately 27 hours
after the incident. Contrary to several erroneous reports, there was no
distribution of any incident response forms on behalf of Transocean to the




crew members at that time. Upon arrival at Port Fourchon, crew members were
given an opportunity to leave, however, were encouraged to accept
transportation to the Crowne Plaza Hotel in Kenner, Louisiana.

* Crew members were offered medical care, rooms and opportunity to go home
upon arrival at hotel: The Crowne Plaza Hotel was used as a central location
for the crew members and their families with the goal of meeting all of
their personal and medical needs and of obtaining as much information about
the incident as possible. Upon arriving at the hotel, crew members were
offered the opportunity to meet with qualified medical professionals, to
retire to private rooms where they could eat, shower and sleep, or go home.
Only then did Transocean and its representatives present crew members with a
standard one-page document that asked them to describe where they were at
the time of the incident, what they were doing, and to affirm, if true, that
they were not a witness and/or that they were not injured. They were free to
complete the form at their leisure, or not at all. Some crew members even
took the forms home and returned them more than seven days after the
incident.


"Transocean's first commitment has always been and will continue to be to the
safety and well-being of our people," said Steven L. Newman, President and Chief
Executive Officer of Transocean. "All actions and decisions taken by our Company
representatives, as well as those by the U.S. Coast Guard, on the evening of the
incident and throughout the days following, were made with a focus on meeting
the personal and medical needs of all those aboard the Deepwater Horizon."

About Transocean
Transocean is the world's largest offshore drilling contractor and the leading
provider of drilling management services worldwide. With a fleet of 139 mobile
offshore drilling units plus three ultra-deepwater units under construction,
Transocean's fleet is considered one of the most modern and versatile in the
world due to its emphasis on technically demanding segments of the offshore
drilling business. Transocean owns or operates a contract drilling fleet of 45
High-Specification Floaters (Ultra-Deepwater, Deepwater and Harsh-Environment
semisubmersibles and drillships), 26 Midwater Floaters, 10 High-Specification
Jackups, 55 Standard Jackups and other assets utilized in the support of
offshore drilling activities worldwide.


Contacts:
Guy Cantwell of Transocean
(713) 819-3422
Guy.Cantwell(at)deepwater.com

Lou Colasuonno of FD
(347) 992-3913
Lou.Colasuonno(at)fd.com


[HUG#1415026]



--- End of Message ---

Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland

ISIN: CH0048265513;





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Bereitgestellt von Benutzer: hugin
Datum: 12.05.2010 - 05:41 Uhr
Sprache: Deutsch
News-ID 20722
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