Transocean Ltd. Provides Details Regarding Dividend and Deepwater Horizon Incident
(Thomson Reuters ONE) -
Transocean Ltd. / Transocean Ltd. Provides Details Regarding Dividend and Deepwater Horizon Incident processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
ZUG, SWITZERLAND--(Marketwire - May 25, 2010) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) today responded to erroneous reports relating to its shareholders'
approval of a dividend and its intent to avoid liability arising from the
Deepwater Horizon incident or to profit from such incident.
Transocean will honor all of its legal obligations arising from the Deepwater
Horizon accident. The dividend proposal was announced on February 16, 2010,
described in the preliminary proxy statement which was filed with the Securities
and Exchange Commission on March 1, 2010, and approved by shareholders at the
company's annual general meeting on May 14, 2010. The payment of this dividend
will not impact the company's ability to meet its legal obligations relating to
the Deepwater Horizon accident. In addition to its ongoing operating revenues,
the company has insurance coverage applicable to the Deepwater Horizon,
including insurance for the fair market value of the rig at the time of the
accident. Other insurance is in place for claims asserted following the April
20 accident.
As indicated, the dividend proposal was announced on February 16, 2010 and
additional information can be found
athttp://www.deepwater.com/fw/main/News-748.html?c=113031&p=irol-news&nyo=0.
Additional information relating to the Annual General Meeting can be found at
http://www.sec.gov/Archives/edgar/data/1451505/000104746910001646/a2196940zpre14
a.htm and
http://www.deepwater.com/fw/main/News-748.html?c=113031&p=irol-news&nyo=0.
Transocean Ltd. 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 announced ultra-deepwater newbuild
units, the company'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. The company 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.
Analyst Contact:
Gregory S. Panagos
+1 713-232-7551
Media Contact:
Guy A. Cantwell
+1 713-232-7647
[HUG#1418665]
--- End of Message ---
Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland
ISIN: CH0048265513;
Unternehmensinformation / Kurzprofil:
Datum: 25.05.2010 - 20:42 Uhr
Sprache: Deutsch
News-ID 21437
Anzahl Zeichen: 0
contact information:
Town:
Vernier
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 171 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Transocean Ltd. Provides Details Regarding Dividend and Deepwater Horizon Incident"
steht unter der journalistisch-redaktionellen Verantwortung von
Transocean Ltd. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
