Transocean Ltd. Announces Impairment Charge
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Transocean Ltd. /
Transocean Ltd. Announces Impairment Charge
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ZUG, SWITZERLAND--(Marketwire - February 3, 2011) - Transocean Ltd. (NYSE:RIG)
(SIX: RIGN) today announced that it expects its fourth quarter 2010 results to
include an after-tax non-cash charge of $1.009 billion, or $3.16 per diluted
share, resulting from the impairment of the Standard Jackup fleet. The
impairment is due to projected declines in dayrates and utilization, which
adversely impacted this asset group, and is calculated in accordance with U.S.
generally accepted accounting principles.
This impairment charge is based on current estimates and is subject to change.
Transocean's fourth quarter and full-year 2010 results are expected to be
released on February 23, 2011.
Forward-Looking Statements
Statements included in this news release regarding the impairment of our
Standard Jackups are forward-looking statements that involve certain
assumptions. These statements are based on management's current expectations and
beliefs and actual events or results may differ materially. There are many
factors that could cause such actual events or results expressed or implied by
such forward-looking statements to differ materially from any future results
expressed or implied by such statements. Forward-looking statements are based on
current expectations and Transocean disclaims any intention or obligation to
update publicly or revise such statements, whether as a result of new
information, future events or otherwise.
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 as well as one ultra-deepwater newbuild drillship and a
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 47 High-Specification Floaters
(Ultra-Deepwater, Deepwater and Harsh-Environment semisubmersibles and
drillships), 25 Midwater Floaters, 10 High-Specification Jackups, 54 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
--- End of Message ---
Transocean Ltd.
Chemin de Blandonnet 10 Vernier Switzerland
ISIN: CH0048265513;
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Thomson Reuters clients. The owner of this announcement warrants that:
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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
[HUG#1485355]
Unternehmensinformation / Kurzprofil:
Datum: 03.02.2011 - 22:15 Uhr
Sprache: Deutsch
News-ID 51065
Anzahl Zeichen: 3639
contact information:
Town:
Vernier
Kategorie:
Business News
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