Transocean Contracts Value Reaches USD 2 Bln

Transocean Ltd. today issued a comprehensive Fleet Status Report which provides the current status and contract information for the company’s entire fleet of offshore drilling rigs. The total value of new contracts since the September 18, 2013 Fleet Update Summary is approximately $2.0 billion.

As announced on October 15, 2013, the company has been awarded a five-year drilling contract for a newbuild dynamically positioned ultra-deepwater drillship by Chevron U.S.A. Inc. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance, the contract is expected to commence in the fourth quarter of 2016 at a dayrate of $599,000, contributing an estimated revenue backlog of approximately $1.1 billion, excluding mobilization.

On October 10, 2013, the newbuild high-specification jack-up, Transocean Ao Thai, commenced its five-year contract for work offshore Thailand at a dayrate of $135,000.

Other highlights are as follows:

– Polar Pioneer – Awarded a three-year contract at a dayrate of $620,000 ($679 million estimated backlog). The rig’s prior dayrate was $522,000. The operating location has not been disclosed.

– Transocean Winner – Awarded a one and one-half year contract extension for work in the Norwegian sector of the North Sea at a dayrate of $499,000 ($272 million estimated backlog). The rig’s prior dayrate was $453,000.

– Estimated 2013 planned out-of-service time increased by a net 52 days; estimated 2014 planned out-of-service time decreased by a net 119 days. These estimates are subject to change due to a variety of factors, including changes in the company’s business plans and customers’ requirements.

– The company sold the standard jackup, GSF Rig 134, which was previously held for sale. The details of the transaction have not been disclosed.

Press Release, October 17, 2013

 

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply