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 February 18, 2014. The total value of new contracts since the February 18, 2014 Fleet Update Summary is approximately $14 million.

Other items include:

GSF Galaxy III - Awarded an approximate two and one-half month contract extension for use as an accommodation unit in the U.K. sector of the North Sea at a dayrate of $180,000 ($14 million estimated backlog). The rig's prior dayrate was $226,000. Estimated 2014 planned out-of-service time increased by a net two days. The ultra-deepwater floater, GSF Development Driller I, is idle.

Tags: Transocean Ltd.