Transocean Ltd. issued a comprehensive Fleet Status Report which provides the current status of and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since the March 18, 2015 Fleet Update Summary is approximately $26 million.

The report includes the following:

Sedco Express - Awarded a 45-day contract extension offshore Nigeria at a dayrate of $300,000 ($14 million estimated backlog). GSF Galaxy II - Awarded a two month contract extension in the U.K. sector of the North Sea at a dayrate of $190,000 ($12 million estimated backlog). Sedco Energy - The customer has elected to release the rig; the contract provides for a payment to the company in the event of an early termination. The Discoverer Enterprise, Sedco Energy, Transocean Amirante, and GSF Galaxy III are idle.

Estimated 2015 out-of-service time decreased by a net 59 days primarily due to GSF Rig 140. The company is currently committed to approximately 48 days of planned out-of-service time in 2016.

Tags: Transocean Ltd.