No Oil Leaking From Sunken Transocean Rig or Riser, Investigation Confirms

No Oil Leaking From Sunken Transocean Rig or Riser, Investigation Confirms

ID: 75612

(Thomson Reuters ONE) -
Transocean Ltd. /
No Oil Leaking From Sunken Transocean Rig or Riser, Investigation Confirms
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The issuer is solely responsible for the content of this announcement.

ZUG, SWITZERLAND--(Marketwire - October 12, 2011) - Transocean Ltd. (NYSE:RIG)
(SIX: RIGN) -- A comprehensive two-day underwater examination conducted by
Transocean and the US Coast Guard (USCG) on October 4th and 5th confirmed that
there are no hydrocarbons leaking from of the sunken Deepwater Horizon or the
riser, the pipe that linked the rig to the well head before the Macondo accident
last year. The inspection, conducted with the use of a remotely operated
underwater vehicle (ROV), also failed to find any "sheen" or oil in the area.

Transocean, in cooperation with the USCG, undertook the inspection after a
"sheen" was reported on the water in the vicinity of the sealed Macondo well and
the USCG issued a notice to the company. The USCG issued the following statement
after the completion of that inspection:

"Transocean deployed an ROV on Oct. 4-5, 2011. Transocean is best able to speak
to the ROV deployments, but Coast Guard experts viewed the feed from the ROV and
all agreed that nothing shown in the feed provided any indication that there was
release of oil from the riser, the fuel tanks or any other debris at the
wreckage site. No discharge or leaking from the riser or the wreckage was
observed. Furthermore, there was no oil product either on the surface or
subsurface that could be sampled. And, recent BP ROV footage of the capped
Macondo 252 well from Aug 26-27, 2011, has shown no evidence of a release from
the wellhead or well. The cause of the sheens remains under investigation."

The examination of the rig and riser was recorded and portions of that video
will be posted by the USCG online and will be available for viewing at




http://www.restorethegulf.gov/

About Transocean

Transocean is the world's largest offshore drilling contractor and the leading
provider of drilling management services worldwide. With a fleet of 135 mobile
offshore drilling units as well as two Ultra-Deepwater Drillships and four High-
Specification Jackups 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 50 High-Specification Floaters (Ultra-
Deepwater, Deepwater and Harsh-Environment semisubmersibles and drillships), 25
Midwater Floaters, nine High-Specification Jackups, 50 Standard Jackups and one
swamp barge.

For more information about Transocean, please visit our website at
www.deepwater.com.

Contact Information

Analyst Contacts:

Thad Vayda
+1 713-232-7551

Chris Kettmann
+1 713-232-7420

Media Contacts:

Guy A. Cantwell
+1 713-232-7647

Brian Kennedy
+ 1 202-346-8826


--- 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

[HUG#1554426]


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Bereitgestellt von Benutzer: hugin
Datum: 12.10.2011 - 22:15 Uhr
Sprache: Deutsch
News-ID 75612
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