Transocean Ltd. has issued its July 2016 Fleet Status Report (photo: Transocean Ltd.)

Transocean Ltd. has issued a Fleet Status Report that provides the current status of and contract information for the company's fleet of offshore drilling rigs.

In May, the newbuild ultra-deepwater drillship Deepwater Proteus commenced operations on its 10-year contract in the US Gulf of Mexico at a current dayrate of USD 498,000. In accordance with the drilling contract, this dayrate reflects adjustments for reduced operating costs.

The report also includes the following:

• Jack Bates - Awarded a two year contract offshore India at a dayrate of $127,000 ($93 million estimated backlog).
• Transocean Spitsbergen - Awarded a one well contract in the U.K. sector of the North Sea at an undisclosed dayrate. Additionally, the rig was awarded a one well contract in the Norwegian North Sea at an undisclosed dayrate.
• Sedco 704 - Awarded a one well contract in the UK sector of the North Sea at an undisclosed dayrate.
• Estimated 2016 out of service days increased by a net 155 days due primarily to contract preparation and mobilisation associated with the Jack Bates and Actinia, and mobilising the M.G. Hulme, Jr. and Rig 140 to new contracts.
• The deepwater floater Sedco 702 is classified as held for sale. The rig will be recycled in an environmentally responsible manner.

The report can be accessed on the company's website.

Tags: Transocean Ltd.