Transocean provides November fleet update

Transocean Ltd. has issued its November Fleet Update Summary, which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since 15 October.

The total value of new contracts since October is approximately US$ 83 million.

Highlights

Discoverer Enterprise

Awarded a one-well contract extension in the US Gulf of Mexico at a dayrate of US$ 399,000 (US$ 32 million estimated backlog). The rig's prior dayrate was US$ 615,000.

GSF Galaxy III

Awarded a four-month contract as an accommodation unit in Denmark at a dayrate of US$ 175,000 (US$ 23 million estimated backlog).

Cajun Express

Awarded a one-well contract extension in Senegal at a dayrate of US$ 487,000 (US$ 15 million estimated backlog).

Discoverer Seven Seas

Customer exercised a one-well option at an undisclosed location at a dayrate of US$ 400,000 ($13 million estimated contract backlog).

The ultra-deepwater floaters Deepwater Discovery and Sedco Express, and the midwater floater GSF Arctic III, are idle.

Estimated 2014 planned out-of-service time increased by a net one day. Estimated 2015 planned out-of-service time decreased by a net 225 days, including 173 days associated with Deepwater Discovery and Sedco Express.

Adapted from press release by Katie Woodward

Read the article online at: https://www.oilfieldtechnology.com/exploration/19112014/transocean-november-fleet-summary-293/