Transocean Ltd. (RIG)

[Mother Lode]

"This quarter’s report includes the following updates:

• Transocean Enabler – Awarded a 19-well contract in Norway at a current rate of $377,000 per day,
as adjusted for foreign currency exchange plus eight option wells.

• Transocean Encourage – Awarded a nine-well contract in Norway at a rate of $350,000 per day.

• Transocean Endurance – Awarded a multi-well plug and abandonment contract in Australia at a rate
of $380,000 per day plus options.

• Transocean Norge – Customers exercised four one-well options in Norway at $338,000 per day,
$358,000 per day, $358,000 per day, and $408,000 per day, respectively, as adjusted for foreign
currency exchange.

The aggregate incremental backlog associated with these fixtures is approximately $645 million. As of April 18, 2023, the company’s total backlog is approximately $8.6 billion."