RIG Transocean Ltd

Transocean Ltd. (RIG) filed a Form 8K - Regulation FD Disclosure - with the U.S Securities and Exchange Commission on October 03, 2016.

On October 3, 2016, Transocean Ltd. (the "Company") announced that the harsh-environment, ultra-deepwater floater, the Transocean Barents, was awarded a 15-month contract with Suncor Energy. The estimated contract backlog, excluding mobilization, is $119 million. The Transocean Barents is expected to commence operations offshore Canada in the third quarter of 2017.

The Company also announced on October 3, 2016, that Reliance Industries Ltd. has elected to exercise its contractual option to terminate the contract for the ultra-deepwater drillship Discoverer India, effective December 2016, prior to its expiration in January 2021. In accordance with the contract, the Company will be compensated by Reliance and its partners for the early termination through a lump-sum payment of approximately $160 million.

Copies of the press releases announcing the 15-month contract for the Transocean Barents and the early termination notice for the Discoverer India are being furnished herewith as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference.

The full text of this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1451505/000145150516000238/rig-20161003x8k.htm

Any exhibits and associated documents for this SEC filing can be retrieved at: http://www.sec.gov/Archives/edgar/data/1451505/000145150516000238/0001451505-16-000238-index.htm

Public companies must file a Form 8-K, or current report, with the SEC generally within four days of any event that could materially affect a company's financial position or the value of its shares.

(END) Dow Jones Newswires

October 03, 2016 09:35 ET (13:35 GMT)

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