Transocean provides quarterly fleet status report

Since the previous report, the company has added approximately US$405 million in contract backlog. As of yesterday, the company's backlog is US$11.7 billion, which includes dayrate reductions on four of the company's newbuild drillships related to cost de-escalations attributable to down-manning.

The ultra-deepwater semisubmersible Development Driller III was awarded a 180-day contract offshore Equatorial Guinea. Following maintenance, reactivation and a contract preparation period, the floater is expected to commence operations in 1Q19.

This report also includes the following new contracts:

• Deepwater Asgard - Customer exercised a one-well option;
• GSF Development Driller I - Awarded an 11-well contract plus four one-well options offshore Australia;
• Deepwater Nautilus - Customer exercised two one-well options offshore Malaysia;
• Transocean Spitsbergen - Awarded a three-well contract plus six one-well options offshore Norway. In addition, customer exercised two one-well options;
• Transocean Barents - Awarded a six-month contract extension plus an option offshore Eastern Canada;
• Transocean Leader - Awarded a one-well contract in the UK North Sea;
• Transocean Arctic - Customer exercised a one-well option offshore Norway; and
• Transocean 712 - Awarded a 13-well contract plus a one-well option in the UK North Sea.

The company has also retired, in an environmentally responsible manner, the following four floaters: Deepwater Discovery, Deepwater Frontier, Deepwater Millennium and Songa Trym.

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