Transocean Ltd. (RIG)

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Transocean Ltd. Provides Quarterly Fleet Status Report
July 24 2024 - 5:15PM

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:

Deepwater Atlas – Awarded a four-well contract in the U.S. Gulf of Mexico at a dayrate of $505,000, with contingencies to perform three completions at the same dayrate.

Deepwater Atlas – Awarded a two-well contract for drilling operations in the U.S. Gulf of Mexico at a dayrate of $580,000 with contingencies to perform two 20K completions at a dayrate of $650,000.

Deepwater Asgard – Awarded a 365-day contract extension in the U.S. Gulf of Mexico at a dayrate of $515,000.

Deepwater Invictus – Awarded a 40-day contract extension in the U.S. Gulf of Mexico.

Transocean Norge – Awarded a three-well contract extension in Norway at a current dayrate of $517,000.

Transocean Spitsbergen – Awarded a three-well contract extension in Norway at a current dayrate of $483,000.

Transocean Endurance – Customer exercised a one-well option in Australia at a dayrate of $390,000.

Deepwater Mykonos – Customer exercised a 279-day option in Brazil at a current dayrate of $366,000.

The aggregate incremental backlog associated with these fixtures is approximately $656 million. As of July 24, 2024, the company’s total backlog is approximately $8.8 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. Transocean specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services and operates the highest specification floating offshore drilling fleet in the world.

Transocean owns or has partial ownership interests in and operates a fleet of 36 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and eight harsh environment floaters.