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Transocean Ltd. provides fleet update summary


Published May 19, 2015
Transocean Ltd.

Transocean Ltd. issued a monthly Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since the April 16, 2015 Fleet Status Report. The total value of new contracts since the last report is approximately $52 million.

The report includes the following:

GSF Development Driller II - Awarded a contract extension for approximately 100 days offshore Romania at a dayrate of $315,000 ($28 million estimated backlog). GSF Rig 140 - Awarded a contract extension for approximately 120 days offshore India at a dayrate of $156,000 ($19 million estimated backlog). Sedco Express - Awarded a contract extension for 18 days offshore Nigeria at a dayrate of $300,000 ($5 million estimated backlog).
The Transocean Marianas, GSF Celtic Sea, and M.G. Hulme, Jr. are idle. Estimated 2015 out-of-service time decreased by a net 27 days. As announced on May 7, 2015, the company has amended its construction contracts with Keppel FELS to further delay the delivery of its five newbuild high-specification jackups. This is in addition to the six-month delay announced in February 2015.

Tags: Transocean Ltd.




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