Transocean Ltd. Provides Quarterly Fleet Status Report
April 28 2021 - 4:22PM
Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status
Report that provides the current status of, and contract
information for, the company’s fleet of offshore drilling rigs.
This quarter’s report includes the following
updates:
- Deepwater Asgard – Awarded a
three-well contract, plus a one-well option in the U.S. Gulf of
Mexico;
- Deepwater Invictus – Customer
exercised a one-well option in the U.S. Gulf of Mexico;
- Deepwater Nautilus – Awarded a
three-well contract, plus three one-well options;
- Deepwater Nautilus – Customer
exercised a one-well option; and
- Transocean Norge – Customer
exercised a one-well option in Norway.
As of April 28, the company’s total backlog is
approximately $7.4 billion.
The report can be accessed on the company’s
website: www.deepwater.com.
About Transocean
Transocean is a leading international provider
of offshore contract drilling services for oil and gas wells. The
company specializes in technically demanding sectors of the global
offshore drilling business with a particular focus on
ultra-deepwater and harsh environment drilling services, and
operates one of the most versatile offshore drilling fleets in the
world.
Transocean owns or has partial ownership interests in, and
operates a fleet of, 37 mobile offshore drilling units consisting
of 27 ultra-deepwater floaters and 10 harsh environment floaters.
In addition, Transocean is constructing two ultra-deepwater
drillships.
Forward-Looking Statements
The statements described in this press release
that are not historical facts are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These statements contain words such as "possible,"
"intend," "will," "if," "expect," or other similar expressions.
Forward-looking statements are based on management’s current
expectations and assumptions, and are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict. As a result, actual results could differ
materially from those indicated in these forward-looking
statements. Factors that could cause actual results to differ
materially include, but are not limited to, estimated duration of
customer contracts, contract dayrate amounts, future contract
commencement dates and locations, planned shipyard projects and
other out-of-service time, sales of drilling units, timing of the
company’s newbuild deliveries, operating hazards and delays, risks
associated with international operations, actions by customers and
other third parties, the future prices of oil and gas, the
intention to scrap certain drilling rigs, the success of our
business following acquisitions and other investments, and other
factors, including those and other risks discussed in the company's
most recent Annual Report on Form 10-K for the year ended December
31, 2020, and in the company's other filings with the SEC, which
are available free of charge on the SEC's website at: www.sec.gov.
Should one or more of these risks or uncertainties materialize (or
the other consequences of such a development worsen), or should
underlying assumptions prove incorrect, actual results may vary
materially from those indicated or expressed or implied by such
forward-looking statements. All subsequent written and oral
forward-looking statements attributable to the company or to
persons acting on our behalf are expressly qualified in their
entirety by reference to these risks and uncertainties. You should
not place undue reliance on forward-looking statements. Each
forward-looking statement speaks only as of the date of the
particular statement, and we undertake no obligation to publicly
update or revise any forward-looking statements to reflect events
or circumstances that occur, or which we become aware of, after the
date hereof, except as otherwise may be required by law. All
non-GAAP financial measure reconciliations to the most comparative
GAAP measure are displayed in quantitative schedules on the
company’s website at: www.deepwater.com.
This press release, or referenced documents, do
not constitute an offer to sell, or a solicitation of an offer to
buy, any securities, and do not constitute an offering prospectus
within the meaning of article 652a or article 1156 of the Swiss
Code of Obligations. Investors must rely on their own evaluation of
Transocean and its securities, including the merits and risks
involved. Nothing contained herein is, or shall be relied on as, a
promise or representation as to the future performance of
Transocean.
Analyst Contact:Lexington May+1
832-587-6515
Media Contact:Pam Easton+1
713-232-7647
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