Offshore drilling rig fleet status report from Transocean

Source:Transocean Ltd.
Transocean drilling rig

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a comprehensive Fleet Status Report, which provides current status and contract information for the company's entire fleet of offshore drilling rigs. The value of new contracts or extensions since the December 17, 2012 fleet update summary is approximately $235 million.

Estimated 2012 out of service time decreased by a net 15 days. Estimated 2013 out of service time increased by a net 205 days, including 253 days to reactivate the Sedco 712 in anticipation of potential contracts.

Highlights are as follows:

- Sedco 714 - Awarded an 18-month contract extension at a dayrate of $435,000 ($235 million contract backlog). The rig's prior dayrate was $398,000.
- Well Control Equipment Recertification - The company has now obtained third party certification of well control equipment on 41 of its 64 active floaters, including 24 of its 27 ultra-deepwater rigs.
- The company has sold the Trident 17, which was previously held for sale. The details of the transaction have not been disclosed.
- GSF Arctic I is currently idle.

To more accurately reflect the impact of contract incentive provisions, the company's revenue efficiency has been restated. For the historical periods presented in the Fleet Status Report, the increase in revenue efficiency averaged approximately 0.4 percent per quarter. For additional details, see Footnote 23 of the report.

The report can be accessed at www.deepwater.com by clicking on the Fleet Status Report link found in the toolbar.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Shell Leverages Data to Transform from Reactive to Predictive Operations

This 6-page report describes how Shell engaged in a massive project with OSIsoft to transform the...

Selection, Use, Care and Maintenance of FR Clothing

For industries operating in an inherently dangerous environment, the importance of selecting the ...

Evolution or Revolution: IT / OT convergence means a world of possibilities

The oil and gas industry is experiencing a rapid paradigm shift in regards to digital transformat...

Predict, Prescribe, Profit: Creating a World that Doesn't Break Down

What are you doing to reduce unplanned downtime at your plant? Equipment breakdowns and process i...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs