Transocean Ltd. issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since April 18, 2013. The value of new contracts or extensions since the April 18, 2013 fleet status report is approximately $662 million.

Highlights are as follows:

Deepwater Millennium - Awarded a two-year contract for work offshore Australia at a dayrate of $605,000 ($442 million estimated contract backlog). The rig's prior dayrate was $545,000.

Estimated 2013 out-of-service time increased by a net 117 days, including 89 days due to shipyard acceleration into 2013 from 2014 and contract preparation on the Deepwater Millennium.

Tags: Transocean Ltd.