Transocean Ltd. Announces Agreement to Purchase High-Specification Jackup
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Transocean Ltd. /
Transocean Ltd. Announces Agreement to Purchase High-Specification Jackup
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ZUG, SWITZERLAND--(Marketwire - November 15, 2010) - Transocean Ltd. (NYSE: RIG)
(SIX: RIGN) today announced that it has reached an agreement to purchase for
$195 million a Pacific Class 400 design jackup under construction at PPL
Shipyard Pte Ltd. Delivery of the high-specification jackup is expected in the
fourth quarter of 2011.
The jackup rig, which is PPL Shipyard's latest proprietary design, is capable of
operating in water depths up to 400 feet and constructing wells 30,000 feet
deep. It will feature the most advanced offshore drilling technology, including
offline tubular handling features and simultaneous operations support. In
addition, the rig will have accommodation for 150 personnel.
"Our decision to purchase this unit reflects our belief in the strengthening
fundamentals of the high-specification jackup market and our strategy to
increase our participation in this part of our business," said Steven L. Newman,
Chief Executive Officer of Transocean Ltd. "The one-year delivery schedule gives
us sufficient time to pursue a number of opportunities available in the
marketplace to secure an attractive contract for the rig."
FORWARD-LOOKING STATEMENTS
Statements regarding the agreement to purchase a high-specification Pacific
Class 400 design jackup, prospects for client 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.
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 and three ultra-deepwater drillships and one
high-specification jackup 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.
For more information about Transocean, please visit our website at
www.deepwater.com.
Analyst Contact:
Gregory S. Panagos
+1 713-232-7551
Media Contact:
Guy A. Cantwell
+1 713-232-7647
[HUG#1462771]
--- End of Message ---
Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland
ISIN: CH0048265513;
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other applicable laws; and
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originality of the information contained therein.
Source: Transocean Ltd. via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 15.11.2010 - 22:15 Uhr
Sprache: Deutsch
News-ID 48798
Anzahl Zeichen: 4365
contact information:
Town:
Vernier
Kategorie:
Business News
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