Transocean Ltd. has added a news release to its Investor Relations website.
Title: Transocean Ltd. Provides Quarterly Fleet Status Report
Date(s): February 19, 2018 6:30 AM
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STEINHAUSEN, Switzerland, Feb. 19, 2018 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE:RIG) today issued a quarterly Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs.
On January 30, 2018, the company closed the acquisition of Songa Offshore SE. The transaction added seven semisubmersibles to the company's fleet, including four high-specification, harsh environment CAT-D rigs under long-term contracts with Statoil. As of February 19, 2018, the combined company's contract backlog is $12.8 billion. On February 12, 2018, the newbuild ultra-deepwater drillship Deepwater Poseidon commenced operations on its 10-year contract with Shell in the U.S. Gulf of Mexico. This report also includes the following:
Deepwater Asgard - Awarded a three-well contract plus a one-well option in the U.S. Gulf of Mexico; Deepwater Invictus - Awarded a two-well contract extension in the U.S. Gulf of Mexico; Discoverer India - Awarded a five-well contract offshore the Ivory Coast; Dhirubhai Deepwater KG2 - Awarded a three-well contract plus five one-well options offshore Myanmar; Dhirubhai Deepwater KG1 - Awarded a six-well contract plus options offshore India; Deepwater Nautilus - Awarded a one-well contract plus three one-well options offshore Brunei; Transocean Spitsbergen - Awarded a 22-well contract plus one three-well option and two one-well options in the Norwegian North Sea; Paul B. Loyd, Jr. - Awarded a one-well contract in the U.K. North Sea; Transocean Leader Amendment, that replaces the previous contract scheduled to expire in May 2019, is comprised of 210 days commencing in July of 2018 in the U.K. North Sea; and Awarded a 90-day contract plus a one-well option in the U.K. North Sea with another customer.
Transocean Arctic - Awarded two contracts with different customers in the Norwegian North Sea as follows: Three-well contract plus two one-well options; and Four-well contract.
The report can be accessed on the company's website: www.deepwater.com. About Transocean Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world. Transocean owns or has partial ownership interests in, and operates a fleet of 47 mobile offshore drilling units consisting of 27 ultra-deepwater floaters, 12 harsh environment floaters, two deepwater floaters and six midwater floaters. In addition, Transocean has two ultra-deepwater drillships under construction or under contract to be constructed. The company also operates two�high-specification jackups that were under drilling contracts when the rigs were sold, and the company continues to operate these jackups until completion or novation of the drilling contracts. Forward-Looking Statements
The statements described in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements contain words such as "possible," "intend," "will," "if," "expect," or other similar expressions. Forward-looking statements are based on management's current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out-of-service time, sales of drilling units, timing of the company's newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, the intention to scrap certain drilling rigs, the benefits, and other factors, including those and other risks discussed in the company's most recent Annual Report on Form 10-K for the year ended December 31, 2016, and in the company's other filings with the 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 the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. All subsequent written and oral forward-looking statements attributable to the company or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. All non-GAAP financial measure reconciliations to the most comparative GAAP measure are displayed in quantitative schedules on the company's website at: www.deepwater.com. This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean. Analyst Contacts: Bradley Alexander +1 713-232-7515 Diane Vento +1 713-232-8015 Media Contact: Pam Easton +1 713-232-7647 Transocean Ltd.
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