Transocean Ltd. Announces Transocean Leader Awarded Three-Year Contract
(Thomson Reuters ONE) -
Transocean Ltd. /
Transocean Ltd. Announces Transocean Leader Awarded Three-Year Contract
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ZUG, SWITZERLAND--(Marketwire - February 9, 2011) - Transocean Ltd. (NYSE:RIG)
(SIX: RIGN) today announced that its high-specification semisubmersible rig
Transocean Leader has been awarded a three-year contract by a subsidiary of
Statoil ASA for operations in Norway. The contract, which has a one-year
extension option, is expected to commence in direct continuation of the rig's
current contract. Estimated contract revenues related to the three-year contract
are approximately $427 million. Estimated contract revenues represent the
maximum amount of revenues that may be earned in the firm contract period,
excluding revenues for mobilization, cost escalations, customer reimbursed
equipment and miscellaneous adjustments.
The Transocean Leader is one of the five Harsh Environment Floaters that are
part of Transocean's fleet of 47 High-Specification Floaters. The rig is capable
of operating in water depths up to 4,500 feet and drilling wells 25,000 feet
deep.
Forward-Looking Statements
Statements in this news release regarding the Transocean Leader, operating
specifications, contract durations, revenues, cost, area of operations, as well
as any other statements that are not historical facts, are forward-looking
statements that involve certain risks, uncertainties and assumptions. These
include but are not limited to operating hazards and delays, actions by
customers and other third parties, the future price of oil and gas, the actual
revenues earned and other factors detailed in the company's most recent Form 10-
K and other filings with the Securities and Exchange Commission (SEC), which are
available free of charge on the SEC's website at www.sec.gov. Should one or more
of these risks or uncertainties materialize, or should underlying assumptions
prove incorrect, actual results may vary materially from those indicated.
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 138 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, nine 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;
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#1487395]
Unternehmensinformation / Kurzprofil:
Datum: 09.02.2011 - 22:15 Uhr
Sprache: Deutsch
News-ID 51298
Anzahl Zeichen: 4366
contact information:
Town:
Vernier
Kategorie:
Business News
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