Transocean Ltd. Provides Quarterly Fleet Status Report
STEINHAUSEN, Switzerland-April 25, 2022-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:
Development Driller III - Awarded a one-well contract in Colombia at $331,000 per day.
Deepwater Inspiration - Customer exercised a one-well option in the U.S. Gulf of Mexico at $300,000 per day.
Transocean Spitsbergen - Customer exercised a one-well option in Norway at $305,000 per day.
The aggregate incremental backlog associated with these fixtures is approximately $87.2 million. As of April 25, the company's total backlog is approximately $6.1 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 herein 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 could 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 fluctuation of current and future prices of oil and gas, the global and regional supply and demand for oil and gas, the intention to scrap certain drilling rigs, the success of our business following prior acquisitions, the effects of the spread of and mitigation efforts by governments, businesses and individuals related to contagious illnesses, such as COVID-19, 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, 2021, 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:
Alison Johnson +1 713-232-7214
Media Contact: Pam Easton +1 713-232-7647
Updated: April 25, 2022 Revisions Noted in Bold Dynamically positioned "DP"
Dayrate on
Yr. (1)
Rig Type/NameFootnote References
Floater Type
DP
Entered Service
Water Depth
Drilling Depth
Estimated
(Feet)
(Feet)Location
Customer
Contract Start Date (2)
Estimated Expiration
Current Contract (3)Dayrate on Previous Contract (3)
Date (2)
(Dollars)
(Dollars)
Additional Comments
(8) (6), (15)
Deepwater Titan Ultra-Deepwater (27)
ship ship ship ship ship ship ship ship ship
TBA 2018 2017 2016 2016 2016 2015 2014 2014
12,000
40,000
USGOM
Chevron
Q1 2023
Q1 2028
315,000 185,000 455,000 455,000
N/A N/A N/A N/A
Deepwater Poseidon Deepwater Pontus Deepwater Conqueror
Deepwater Proteus Deepwater Thalassa Ocean Rig Apollo Deepwater Asgard
Deepwater Invictus
Ocean Rig Athena Deepwater Skyros Ocean Rig Mylos Deepwater Corcovado Deepwater Mykonos Ocean Rig Olympia Deepwater Orion Deepwater Champion Discoverer InspirationDiscoverer India Dhirubhai Deepwater KG2 Discoverer Luanda Discoverer Americas Discoverer Clear Leader Petrobras 10000
Dhirubhai Deepwater KG1 Development Driller III
GSF Development Driller I Deepwater Nautilus
12,000 40,000
12,000 40,000
12,000 40,000
12,000 40,000
12,000 40,000
12,000 40,000
12,000 40,000
12,000 40,000
ship ship ship ship ship ship ship ship ship
2014
12,000 40,000
2013
12,000 40,000
2013
12,000 40,000
2011
10,000 35,000
2011
10,000 35,000
2011
10,000 35,000
2011
10,000 35,000
2011
12,000 40,000
2010
12,000 40,000
ship ship ship ship ship ship ship semi semi semi
2010
12,000 40,000
2010
12,000 35,000
2010
7,500 40,000
2009
12,000 40,000
2009
12,000 40,000
2009 2009 2009 2005 2000
12,000 37,500
12,000 35,000
7,500 37,500
7,500 37,500
8,000 30,000
USGOM USGOM USGOM USGOM USGOM USGOM
Shell
Shell Chevron Chevron
Shell Shell
USGOM USGOM USGOM
Sep-18
Oct-17
Feb-28
Oct-27
Jan-22 Jun-22
Jun-22
Aug-16
Jul-16
Dec-22 May-26 Feb-26 Stacked May-16
USGOM
473,000 473,000
N/A N/A
335,000 579,000
367,000 335,000
474,000 475,000
N/A N/A
Not Disclosed Not Disclosed
BHP
BHP
Angola
Jan-22 May-22 Oct-21 Apr-22 Jun-22
May-22
Jul-22
Apr-22
Jun-22
Sep-22
Stacked Mar-17
TotalEnergies
Brazil Brazil
Dec-21
295,000 280,000
395,000 295,000
260,000 215,000
295,000 260,000
305,000 295,000
Dec-22
Stacked Sep-16
Petrobras PetrobrasUSGOM USGOM USGOM
Hess EnVen Energy EnVen Energy
Dec-19
195,000 573,000
Nov-19
Includes MPD Services
Includes MPD Services
Aug-23
Jul-23
Stacked Apr-16
Idle Oct-19
Stacked Feb-16
Dec-21
199,000 219,000
N/A N/A
Oct-22
Oct-22
215,000
N/A
Nov-22
Nov-22
290,000 215,000
Jan-23
Stacked Jul-20
Idle Jan-22
Stacked Feb-18
Stacked Apr-16
Stacked Jun-19
Brazil Brazil India ColombiaPetrobras Petrobras Reliance Petrobras
Mar-22
300,000 290,000
Mar-23
Mar-23
319,000 326,000 215,000 331,000
N/A
Mar-22 Apr-22
Oct-23
Feb-23 Jun-22 Stacked Nov-20
N/A 173,000
N/A
Not Disclosed
Not Disclosed
Apr-22
Jun-22
145,000
N/AEstimated Average Contract Dayrates (5)Q2 2022 $312,000
Q3 2022 $328,000
Q4 2022 $334,000
Q1 2023 $355,000
Harsh Environment (10)
Transocean Norge Transocean EnablerTransocean Encourage
Transocean Endurance
Transocean Equinox
Transocean Spitsbergen
Transocean Barents Paul B. Loyd, Jr. Transocean Leader Henry Goodrich
(12) (6), (7), (8) (6), (7), (8) (6), (7), (8)
semi semi
2019 2016
10,000 1,640
40,000 28,000
(6), (7), (8) (6), (7), (8)
Norway Norway Norway Norway
ConocoPhillips
Equinor Equinor Equinor
(6), (8) (6), (8)
(6), (8), (19)
(6), (8), (19)
(4), (7), (8)semi semi
(4), (7), (8)
(7), (8)
(7), (8)semi semi semi semi
semi semi
2016 2015
2009 1990 1987/1997 1985/2007
1,640 1,640
28,000 28,000
2015 2010
1,640 10,000
28,000 30,000
10,000 30,000
2,000 25,000
4,500 25,000
5,000 30,000
Norway Norway Norway NorwayNorway Norway Norway Norway Norway
Norway UKNSEquinor Equinor Equinor EquinorEquinor Equinor Equinor Equinor Equinor
Shell Serica Energy PLC
Mar-22
Nov-21
Nov-22
Dec-21
Dec-22
Jan-22 Jun-22
Sep-22
Jul-21
Mar-22
Mar-22
Mar-23
Apr-22 Jul-22
Jul-22
Jul-23
Sep-22 Stacked Jul-20 Stacked Mar-20
Dec-22
Aug-22
Dec-22
Nov-22
Nov-23
Jan-23
Mar-24
Mar-23
Jun-23
Apr-22
Jul-22
Jul-22
Jul-23
Estimated Average Contract Dayrates (5)Q2 2022 $386,000
Q3 2022 $363,000
Q4 2022 $426,000
Q1 2023 $439,000
Fixed-Price Options - See Footnote 10 | |||
Ultra-Deepwater | |||
Discoverer Inspiration | ship 2010 12,000 40,000 USGOM EnVen Energy Jan-23 Mar-23 | 310,000 | N/A |
Harsh Environment | |||
Transocean Enabler | (6), (7), (8), (11) (6), (7), (8), (11) (7), (8) (7), (8) | semi 2016 1,640 28,000 Norway Norway Norway NorwayEquinor Equinor Equinor Equinor Mar-24 Mar-27 Mar-27 Mar-30 Mar-30 Mar-33 Mar-33 Mar-36 424,000 424,000 424,000 424,000 N/A N/A N/A N/A | |
Transocean Encourage | (6), (7), (8), (11) (6), (7), (8), (11) (7), (8) (7), (8) | semi 2016 1,640 28,000 Norway Norway Norway NorwayEquinor Equinor Equinor Equinor Nov-22 Nov-26 Nov-26 Nov-29 Nov-29 Nov-32 Nov-32 Nov-35 420,000 420,000 420,000 420,000 N/A N/A N/A N/A | |
Transocean Endurance | (6), (8), (11) (6), (8), (11) (6), (8) (6), (8) | semi 2015 1,640 28,000 Norway Norway Norway NorwayEquinor Equinor Equinor Equinor Jun-23 Jun-26 Jun-26 Jun-29 Jun-29 Jun-32 Jun-32 Jun-35 492,000 492,000 492,000 492,000 N/A N/A N/A N/A |
This is an excerpt of the original content. To continue reading it, access the original document here.
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Transocean Ltd. published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2022 21:19:09 UTC.