Transocean Ltd. provides fleet status report

Transocean Ltd. today issued a comprehensive Fleet Status Report that provides the current status and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts since 18 December 2014 Fleet Update Summary is approximately US$24 million.??The report includes the following:?

• Transocean Searcher - Awarded a one well contract in the Norwegian sector of the North Sea at a dayrate of US$340 000 (US$14 million estimated backlog). The rig's prior dayrate was US$368 000.
• M.G. Hulme, Jr. - Awarded a one well contract offshore Malaysia at a dayrate of US$174 000 (US$10 million estimated backlog). The rig's previously announced contract dayrate was US$200 000.
• The Discoverer Spirit, Deepwater Frontier, and Sedco 707, are idle.
• Estimated 2014 planned out-of-service time decreased by a net 66 days. Estimated 2015 planned out-of-service time decreased by a net 30 days.

The company intends, in an environmentally responsible manner, to scrap the deepwater floater Discoverer Seven Seas. The rig is classified as held for sale. Including this rig, the company has already or intends to scrap a total of 12 lower-specification floaters. Additionally, the Transocean Rather is held for sale. The rig was previously stacked.??

The report can be accessed on the company's website at www.deepwater.com.

Adapted from press release by Joe Green

Read the article online at: https://www.oilfieldtechnology.com/exploration/16012015/transocean-provides-fleet-status-report-162/