Transocean Ltd. Provides Quarterly Fleet Status Report
July 21 2021 - 5:06PM
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 Invictus – Customer
exercised a one-well option in the U.S. Gulf of Mexico;
- Deepwater Skyros – Customer
exercised a 370-day option in Angola;
- Discoverer Inspiration – Awarded a
nine-well contract in the U.S. Gulf of Mexico;
- Dhirubhai Deepwater KG2 – Awarded a
one-well contract, plus two one-well options in Brunei;
- Petrobras 10000 – Awarded a
two-year contract in Brazil;
- Deepwater Nautilus – Customer
exercised two one-well options;
- Deepwater Nautilus – Awarded a
one-well contract;
- Transocean Norge – Awarded a
four-well contract, plus five one-well options in Norway;
- Transocean Spitsbergen – Customer
exercised two one-well options in Norway;
- Transocean Barents – Customer
terminated its contract for convenience in Norway; and
- Transocean Barents – Awarded a
two-well contract in Norway
As of July 21, the company’s total backlog is
approximately $7.3 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 the acquisitions of Songa Offshore SE and Ocean
Rig UDW Inc., 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 the Swiss Financial Services Act (“FinSA”) or
advertising within the meaning of the FinSA. 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 Contacts:Lexington
May+1 832-587-6515
Media Contact:Pam Easton+1
713-232-7647
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