Transocean Ltd. Fleet Status Report
Exhibit 99.1
Fleet Status
Report
April 14, 2011
Transocean Ltd. (NYSE: RIG), (SIX:
RIGN)
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Dynamically positioned *
Floater
Type
Yr.
(1)
Entered
Service
Water
Depth
(Feet)
Drilling
Depth
(Feet)
Estimated
Contract
Start
Date (2)
Estimated
Expiration
Date (2)
Dayrate
on
Current
Contract (3)
(Dollars)
Dayrate
on
Previous
Contract
(3)
(Dollars)
Location
Customer
Estimated Out of Service Days (4)
Rig Type/Name
Q1 2011
Q2 2011
Q3 2011
Q4 2011
Rigs Under Construction (4)
Deepwater Champion (6)
ship*
TBA
12,000
40,000
See Footnote 11
ExxonMobil
See Footnote 11
See Footnote 11
See Footnote 11
N/A
Keppel FELS Super B Class Jackup TBN1
TBA
350
35,000
Thailand
Chevron
See Footnote 12
See Footnote 12
See Footnote 12
N/A
Keppel FELS Super B Class Jackup TBN2
TBA
350
35,000
Thailand
Chevron
See Footnote 13
See Footnote 13
See Footnote 13
N/A
Transocean Honor
TBA
400
30,000
See Footnote 14
See Footnote 14
See Footnote 14
See Footnote 14
See Footnote 14
N/A
High Specification Floaters:
Ultra-Deepwater (26)
Discoverer Americas(6)
ship*
2009
12,000
40,000
USGOM
Statoil
Mar-11
Feb-14
486,000
486,000
Discoverer Clear Leader(6),
(15)
ship*
2009
12,000
40,000
USGOM
Chevron
Sep-10
Jul-14
503,000
503,000
14
Discoverer Inspiration(6)
ship*
2010
12,000
40,000
USGOM
Chevron
Sep-10
Feb-15
494,000
494,000
Dhirubhai Deepwater KG1(16)
ship*
2009
12,000
35,000
India
Reliance
Aug-09
Jul-14
510,000
N/A
8
Dhirubhai Deepwater KG2 (16)
ship*
2010
12,000
35,000
India
Reliance
Mar-10
Feb-15
510,000
N/A
5
Discoverer India(17)
ship*
2010
12,000
40,000
India
Reliance
Dec-10
Nov-20
508,000
N/A
Petrobras 10000 (6), (7), (8)
ship*
2009
12,000
37,500
Brazil
Petrobras
Feb-11
Aug-19
442,000
N/A
Discoverer Deep Seas(6)
ship*
2001
10,000
35,000
USGOM
Chevron
Feb-11
Feb-13
450,000
517,000
42
Discoverer Enterprise(6)
ship*
1999
10,000
35,000
USGOM
BP
Jan-11
Jul-12
435,000
523,000
Discoverer Spirit(6)
ship*
2000
10,000
35,000
USGOM
Anadarko
Dec-07
Apr-11
507,000
298,000
Apr-11
Apr-14
520,000
507,000
GSF C.R. Luigs(6)
ship*
2000
10,000
35,000
USGOM
BHP Billiton
Sep-09
Feb-14
519,000
411,000
GSF Jack Ryan (6)
ship*
2000
10,000
35,000
Nigeria
Total
Jun-09
Jul-13
425,000
297,000
15
32
Deepwater Discovery (6), (7)
ship*
2000
10,000
30,000
Brazil
Devon
Oct-09
Jan-14
463,000
425,000
90
44
Deepwater Frontier
ship*
1999
10,000
30,000
India
Reliance
Feb-11
May-11
477,000
477,000
10
92
8
Australia
ExxonMobil
Sep-11
Nov-13
475,000
(6)
477,000
Deepwater Millennium(6)
ship*
1999
10,000
30,000
Ghana
Anadarko
Nov-10
Jul-11
576,000
543,000
Brazil
Anadarko
Jul-11
May-13
561,000
(7)
576,000
Deepwater Pathfinder (6)
ship*
1998
10,000
30,000
USGOM
Eni
Aug-10
Apr-15
659,000
550,000
51
Deepwater Expedition
ship*
1999
8,500
30,000
Malaysia
Petronas/BHP
Dec-10
Jan-14
640,000
(6)
375,000
16
Cajun Express(6), (7), (18)
semi*
2001
8,500
35,000
Brazil
Petrobras
May-10
Jun-13
542,000
493,000
Deepwater Nautilus(6)
semi*
2000
8,000
30,000
USGOM
Shell
Dec-08
Jul-12
550,000
493,000
GSF Explorer
ship*
1972/1998
7,800
30,000
Indonesia
Marathon-led
Consortium
May-10
Jul-12
510,000
426,000
Discoverer Luanda (6), (28)
ship*
2010
7,500
40,000
Angola
BP
Jan-11
Jan-18
430,000
N/A
GSF Development Driller I (6)
semi*
2005
7,500
37,500
USGOM
BHP Billiton
Jun-08
Oct-12
513,000
220,000
GSF Development Driller II (6)
semi*
2005
7,500
37,500
USGOM
BP
Nov-08
Nov-13
580,000
208,000
88
Development Driller III (6)
semi*
2009
7,500
37,500
USGOM
BP
Nov-09
Nov-16
403,000
N/A
14
Sedco Energy
semi*
2001
7,500
35,000
Canary Islands
31
75
Sedco Express (6)
semi*
2001
7,500
35,000
Israel
Noble Energy
Sep-10
Dec-11
530,000
188,000
Israel
Israel Oil Company
Apr-12
Jun-12
490,000
530,000
Total Estimated Days Out of Service
333
175
119
8
Estimated Average Contract Dayrate(5)
$
502,000
$
515,000
$
517,000
$
515,000
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Dynamically positioned *
Floater
Yr. (1)
Entered
Water
Depth
Drilling
Depth
Estimated
Contract
Start
Estimated
Expiration
Dayrate on
Current
Contract (3)
Dayrate
on
Previous
Contract (3)
Estimated Out of Service Days (4)
Rig Type/Name
Type
Service
(Feet)
(Feet)
Location
Customer
Date (2)
Date (2)
(Dollars)
(Dollars)
Q1 2011
Q2 2011
Q3 2011
Q4 2011
Deepwater (16)
Deepwater Navigator (7), (8)
ship*
1971/2000
7,200
25,000
Brazil
Petrobras
May-11
Feb-17
379,000
190,000
90
91
30
Discoverer 534
ship*
1975/1991
7,000
25,000
Malaysia
Idle
Discoverer Seven Seas
ship*
1976/1997
7,000
25,000
India
ONGC
Jul-08
Jun-11
316,000
292,000
Transocean Marianas (6)
semi
1979/1998
7,000
25,000
Ghana
Eni
Feb-11
Dec-12
450,000
565,000
Sedco 706 (6), (7)
semi*
1976/1994/
2008
6,500
25,000
Brazil
Chevron
Apr-09
Apr-14
311,000
N/A
14
Sedco 702 (6), (7)
semi*
1973/2007
6,500
25,000
Nigeria
Shell
Mar-08
Feb-12
354,000
N/A
14
7
Sedco 707 (7), (8)
semi*
1976/1997
6,500
25,000
Brazil
Petrobras
Nov-09
Mar-15
405,000
188,000
GSF Celtic Sea
semi
1982/1998
5,750
25,000
Angola
ExxonMobil
May-11
May-12
320,000
486,000
40
58
Angola
ExxonMobil
May-12
May-13
324,000
320,000
Angola
ExxonMobil
May-13
May-14
328,000
324,000
Jack Bates
semi
1986/1997
5,400
30,000
Australia
Hess
Sep-10
Apr-11
420,000
375,000
41
61
Australia
Hess
Aug-11
Mar-12
380,000
420,000
Sedco 709
semi*
1977/1999
5,000
25,000
Malaysia
Stacked
M.G. Hulme, Jr.
semi
1983/1996
5,000
25,000
Malaysia
Idle
Transocean Richardson
semi
1988
5,000
25,000
Malaysia
Stacked
Jim Cunningham
semi
1982/1995
4,600
25,000
Malaysia
Stacked
Sedco 710 (7), (8)
semi*
1983/2001
4,500
25,000
Brazil
Petrobras
Oct-10
Jan-17
292,000
128,000
Transocean Rather
semi
1988
4,500
25,000
Angola
ExxonMobil
Sep-10
May-11
428,000
257,000
May-11
Jun-11
437,000
428,000
Jun-11
Aug-11
256,000
437,000
Aug-11
Sep-12
437,000
256,000
Sovereign Explorer
semi
1984
4,500
25,000
USGOM
Stacked
Total Estimated Days Out of Service
144
197
91
14
Estimated Average Contract Dayrate(5)
$
375,000
$
367,000
$
357,000
$
371,000
Harsh Environment (5)
Henry Goodrich (6)
semi
1985/2007
5,000
30,000
Canada
Husky
Oct-10
Jan-14
335,000
381,000
31
Transocean Leader (6), (7)
semi
1987/1997
4,500
25,000
NNS
Statoil
Sep-09
Feb-12
468,000
340,000
Feb-12
Feb-15
402,000
468,000
Paul B. Loyd, Jr. (6), (7)
semi
1990
2,000
25,000
UKNS
BP
Apr-09
Mar-12
509,000
312,000
85
Mar-12
Mar-13
345,000
509,000
Transocean Arctic (6), (7)
semi
1986
1,650
25,000
NNS
Statoil
Jan-07
Apr-12
297,000
195,000
NNS
Rig
Management
Norway
May-12
Apr-13
390,000
(20)
297,000
Polar Pioneer (6), (7)
semi
1985
1,500
25,000
NNS
Statoil
Feb-10
Jan-14
513,000
309,000
Total Estimated Days Out of Service
85
31
Estimated Average Contract Dayrate(5)
$
403,000
$
424,000
$
424,000
$
431,000
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Dynamically positioned *
Rig Type/Name
Floater
Yr. (1)Entered
Water
Depth
Drilling
Depth
Estimated
Contract
Start
Estimated
Expiration
Dayrate on
Current
Contract (3)
Dayrate on
Previous
Contract (3)
Estimated Out of Service Days (4)
Type
Service
(Feet)
(Feet)
Location
Customer
Date (2)
Date (2)
(Dollars)
(Dollars)
Q1 2011
Q2 2011
Q3 2011
Q4 2011
Midwater Floaters (25)
Sedco 700
semi
1973/1997
3,600
25,000
Malaysia
Stacked
Transocean Legend
semi
1983
3,500
25,000
Aus./Timor Leste
Eni
Jun-10
Sep-11
315,000
300,000
7
20
Transocean Amirante(6), (21)
semi
1978/1997
3,500
25,000
USGOM
Eni
Jul-08
May-11
364,000
325,000
GSF Arctic I (6), (7)
semi
1983/1996
3,400
25,000
Brazil
Starfish
Jan-11
Jul-11
250,000
287,000
14
47
C. Kirk Rhein, Jr.
semi
1976/1997
3,300
25,000
Malaysia
Stacked
Transocean Driller (7), (8)
semi
1991
3,000
25,000
Brazil
Petrobras
Jul-10
Jul-16
268,000
116,000
GSF Rig 135
semi
1983
2,800
25,000
Nigeria
Addax Petroleum
Apr-11
Jun-11
264,000
N/A
59
29
Nigeria
Addax Petroleum
Jun-11
Sep-11
254,000
(27)
264,000
GSF Rig 140 (6)
semi
1983
2,800
25,000
Eq. Guin.
ExxonMobil
Dec-09
May-11
435,000
256,000
10
Falcon 100(7), (8)
semi
1974/1999
2,400
25,000
Brazil
Petrobras
Mar-08
Mar-13
259,000
180,000
35
89
GSF Aleutian Key
semi
1976/1999/ 2001
2,300
25,000
Gabon
Stacked
Sedco 703
semi
1973/1995
2,000
25,000
Malaysia
Stacked
Sedco 711(7)
semi
1982
1,800
25,000
UKNS
Shell
Jan-11
Oct-11
419,000
383,000
Transocean John Shaw (7)
semi
1982
1,800
25,000
UKNS
Enquest
Jan-11
Jul-11
244,000
228,000
GSF Arctic III (6), (7)
semi
1984
1,800
25,000
UKNS
ExxonMobil
Jul-10
Aug-11
254,000
N/A
Sedco 712
semi
1983
1,600
25,000
UKNS
Stacked
Sedco 714 (7)
semi
1983/1997
1,600
25,000
UKNS
Total
Dec-10
Jun-11
255,000
394,000
Jun-11
Dec-11
253,000
255,000
GSF Grand Banks (6) (8)
semi
1984
1,500
25,000
Canada
Husky
Jan-11
Jan-13
295,000
356,000
Actinia
semi
1982
1,500
25,000
Malaysia
Idle
Sedco 601
semi
1983
1,500
25,000
Malaysia
Stacked
Sedneth 701
semi
1972/1993
1,500
25,000
Gabon
Harvest Natural Resources
Apr-11
May-11
210,000
N/A
Transocean Winner (6), (7)
semi
1983
1,500
25,000
NNS
Lundin
Apr-10
Oct-12
481,000
390,000
61
12
Transocean Searcher (6), (7)
semi
1983/1988
1,500
25,000
NNS
Statoil
May-09
Apr-12
432,000
395,000
NNS
BG
May-12
Jul-13
380,000
(29)
432,000
Transocean Prospect (7)
semi
1983/1992
1,500
25,000
UKNS
ADTI
Feb-11
Apr-11
See Footnote 9
N/A
29
J.W. McLean
semi
1974/1996
1,250
25,000
UKNS
Stacked
Sedco 704
semi
1974/1993
1,000
25,000
UKNS
ADTI
Jan-11
Aug-11
See Footnote 9
417,000
UKNS
ADTI
Aug-11
Sep-11
See Footnote 9
See Footnote 9
Total Estimated Days Out of Service
144
148
61
59
Estimated Average Contract Dayrate(5)
$
318,000
$
321,000
$
309,000
$
332,000
High Specification Jackups (9)
GSF Constellation I (6)
2003
400
30,000
Gabon
Total
Dec-10
Mar-12
100,000
110,000
26
GSF Constellation II (22)
2004
400
30,000
Egypt
Pharonic Petroleum Company
Feb-10
Oct-11
109,000
194,000
59
GSF Galaxy I
1991/2001
400
30,000
UKNS
Stacked
GSF Galaxy II
1998
400
30,000
UKNS
45
GSF Galaxy III (6), (7)
1999
400
30,000
UKNS
Nexen
Oct-07
Sep-11
110,000
100,000
UKNS
Nexen
Sep-11
Sep-12
148,000
110,000
GSF Baltic (6), (7)
1983
375
25,000
Nigeria
ExxonMobil
Jun-10
Jun-12
100,000
248,000
GSF Magellan
1992
350
30,000
Holland
66
53
GSF Monarch(6)
1986
350
30,000
Denmark
Maersk Oil
Jun-11
Jun-12
93,000
N/A
GSF Monitor
1989
350
30,000
Nigeria
Total
Mar-11
Jun-11
110,000
N/A
69
Total Estimated Days Out of Service
220
98
Estimated Average Contract Dayrate(5)
$
112,000
$
105,000
$
102,000
$
110,000
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Dynamically positioned *
Rig Type/Name
Floater
Yr. (1)
Entered
Water
Depth
Drilling
Depth
Estimated
Contract
Start
Estimated
Expiration
Dayrate on
Current
Contract (3)
Dayrate on
Previous
Contract (3)
Estimated Out of Service Days (4)
Type
Service
(Feet)
(Feet)
Location
Customer
Date (2)
Date (2)
(Dollars)
(Dollars)
Q1 2011
Q2 2011
Q3 2011
Q4 2011
Standard Jackups (52) - See Footnote 19
Trident IX
1982
400
21,000
Malaysia
Idle
Trident 17
1983
300
25,000
Malaysia
Stacked
GSF Adriatic II
1981
350
25,000
Gabon
Stacked
GSF Adriatic IX
1981
350
25,000
Nigeria
Afren
Jan-11
Jul-11
92,000
90,000
Nigeria
Afren
Jul-11
Jul-12
100,000
92,000
GSF Adriatic X
1982
350
30,000
Egypt
90
69
GSF Key Manhattan
1980
350
25,000
Italy
Eni
Apr-10
Apr-13
137,000
N/A
GSF Key Singapore
1982
350
25,000
Egypt
Stacked
GSF Adriatic VI
1981
328
25,000
Gabon
Stacked
GSF Adriatic VIII
1983
328
25,000
Gabon
Stacked
C.E. Thornton (7)
1974
300
25,000
India
ONGC
Oct-08
Oct-11
131,000
45,000
D.R. Stewart
1980
300
25,000
Croatia
Stacked
F.G. McClintock
1975
300
25,000
India
ONGC
Oct-08
Sep-11
145,000
50,000
G.H. Galloway
1984
300
25,000
Croatia
Stacked
GSF Adriatic I
1981
300
25,000
Gabon
Stacked
GSF Adriatic V
1979
300
25,000
Gabon
Stacked
GSF Adriatic XI
1983
300
25,000
Malaysia
Stacked
GSF Compact Driller
1992
300
25,000
Thailand
Chevron
Oct-09
Apr-12
100,000
(23)
196,000
11
Apr-12
Dec-12
100,000
100,000
(23)
GSF Galveston Key
1978
300
25,000
Vietnam
Cuu Long JOC
Mar-10
Mar-11
100,000
202,000
Vietnam
Cuu Long JOC
Mar-11
Nov-11
103,000
100,000
GSF Key Gibraltar
1976/1996
300
25,000
Thailand
Chevron
Jul-11
Jul-14
105,000
(23)
N/A
90
76
9
GSF Key Hawaii
1982
300
25,000
Qatar
Maersk Oil
Apr-10
Apr-11
70,000
N/A
GSF Main Pass I
1982
300
25,000
Saudi Arabia
Saudi Aramco
Jul-07
Jun-11
164,000
100,000
GSF Main Pass IV
1982
300
25,000
Saudi Arabia
Saudi Aramco
Aug-07
Jul-11
164,000
100,000
GSF Parameswara
1983
300
20,000
Indonesia
Total
Nov-09
Dec-12
122,000
168,000
GSF Rig 134
1982
300
20,000
Malaysia
Stacked
GSF Rig 136
1982/1999/
2002
300
25,000
Malaysia
Stacked
Harvey H. Ward
1981
300
25,000
Malaysia
Idle
Interocean III
1978/1993
300
25,000
Egypt
Stacked
J.T. Angel
1982
300
25,000
India
ONGC
May-10
May-13
65,000
N/A
14
Randolph Yost
1979
300
25,000
India
Stacked
Roger W. Mowell
1982
300
25,000
Malaysia
Stacked
Ron Tappmeyer
1978
300
25,000
India
ONGC
Jun-10
Jun-13
65,000
64,000
30
Transocean Shelf Explorer
1982
300
20,000
Malaysia
Stacked
Transocean Nordic
1984
300
25,000
Malaysia
Stacked
Trident 15
1982
300
25,000
Thailand
Chevron
Feb-10
Feb-12
100,000
(24)
100,000
Feb-12
Jun-13
100,000
100,000
(24)
Trident 16 (6)
1982
300
25,000
Vietnam
Petronas Carigali
Feb-08
Apr-11
189,000
195,000
14
Malaysia
Petronas Carigali
Apr-11
Jul-11
180,000
189,000
Trident II
1977/1985
300
25,000
India
ONGC
Mar-10
Apr-15
78,000
140,000
14
Trident IV-A
1980/1999
300
25,000
Gabon
Stacked
Trident VIII
1981
300
21,000
Gabon
Perenco
Nov-10
Aug-11
85,000
83,000
Trident XII
1982/1992
300
25,000
India
ONGC
May-10
May-13
65,000
140,000
30
Trident XIV(7)
1982/1994
300
25,000
Angola
Chevron
Jan-11
May-11
154,000
151,000
GSF High Island II
1979
270
20,000
Saudi Arabia
Saudi Aramco
Jul-07
Jul-11
164,000
100,000
GSF High Island IV
1980/2001
270
20,000
Saudi Arabia
Saudi Aramco
May-07
Apr-11
164,000
107,000
GSF High Island V
1981
270
20,000
Gabon
Stacked
GSF High Island IX
1983
250
20,000
Ghana
Stacked
GSF High Island VII
1982
250
20,000
Nigeria
Afren
Dec-10
Sep-11
88,000
88,000
10
GSF Rig 103
1974
250
20,000
Egypt
Stacked
GSF Rig 105
1975
250
20,000
Egypt
Petrobel
Jan-11
Feb-12
62,000
112,000
GSF Rig 124
1980
250
20,000
Egypt
Idle
GSF Rig 127
1981
250
20,000
Bahrain
Stacked
GSF Rig 141
1982
250
20,000
Egypt
Idle
Transocean Comet
1980
250
20,000
Egypt
GUPCO
Sep-09
Sep-11
50,000
112,000
Trident VI
1981
220
21,000
Malaysia
Stacked
Total Estimated Days Out of Service
180
224
9
44
Estimated Average Contract Dayrate(5)
$
111,000
$
110,000
$
99,000
$
94,000
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Dynamically positioned *
Rig Type/Name
Floater
Type
Yr.
(1)
Entered
Service
Water
Depth(Feet)
Drilling
Depth(Feet)
Location
Customer
Estimated
Contract
Start
Date (2)
Estimated
Expiration
Date (2)
Dayrate on
Current
Contract (3)(Dollars)
Dayrate on
Previous
Contract (3)(Dollars)
Estimated Out of Service
Days (4)
Q1
2011
Q2
2011
Q3
2011
Q4
2011
Swamp Barges (2)
Searex 4
1981/1989
21
25,000
Singapore
Stacked
Hibiscus (6), (25)
1979/1993
25
20,000
Indonesia
Total
Oct-07
Nov-12
72,000
74,000
6
1
Other (1)
Joides Resolution (6), (26)
ship*
1978
27,000
30,000
Worldwide
TAMRF
Jan-09
Nov-13
68,000
35,000
Fixed-Price Options
(10)
High Specification Floaters:
Ultra-Deepwater
Discoverer Enterprise (6)
ship*
1999
10,000
35,000
USGOM
BP
Aug-12
Jan-13
435,000
435,000
GSF Explorer
ship*
1972/1998
7,800
30,000
Indonesia
Marathon-led Consortium
Jul-12
Oct-12
510,000
510,000
Harsh Environment
Transocean Leader (6), (7)
semi
1987/1997
4,500
25,000
NNS
Statoil
Feb-15
Feb-16
390,000
390,000
Paul B. Loyd, Jr. (6), (7)
semi
1990
2,000
25,000
UKNS
BP
Mar-13
Jun-13
345,000
345,000
Jun-13
Sep-13
345,000
345,000
Transocean Arctic (6), (7),
(20)
semi
1986
1,650
25,000
NNS
Rig Management Norway
Apr-13
Dec-13
395,000
390,000
NNS
Rig Management Norway
Dec-13
Dec-14
399,000
395,000
Midwater Floaters
Transocean Legend
semi
1983
3,500
25,000
Aus./Timor Leste
Eni
Sep-11
Mar-12
298,000
315,000
GSF Rig 135
semi
1983
2,800
25,000
Nigeria
Addax Petroleum
Aug-11
Jan-12
254,000
(27)
254,000
Transocean Searcher (6), (7)
semi
1983/1988
1,500
25,000
NNS
BG
Jul-13
Jan-15
370,000
(29)
380,000
High Specification Jackups
GSF Constellation II (22)
2004
400
30,000
Egypt
Pharaonic Petroleum Company
Oct-11
Jan-12
115,000
109,000
Mar-12
Sep-12
100,000
115,000
GSF Galaxy III (6), (7)
1999
400
30,000
UKNS
Nexen
Sep-12
Mar-13
148,000
148,000
GSF Monarch (6)
1986
350
30,000
Denmark
Maersk Oil
Jun-12
Sep-12
93,000
93,000
Sep-12
Dec-12
93,000
93,000
Dec-12
Mar-13
93,000
93,000
Mar-13
Jun-13
93,000
93,000
GSF Monitor
1989
350
30,000
Nigeria
Total
Jun-11
Oct-11
110,000
110,000
Standard Jackups
Transocean Comet
1980
250
20,000
Egypt
GUPCO
Sep-11
Oct-12
50,000
110,000
Other
Joides Resolution (6)
ship*
1978
27,000
30,000
Worldwide
TAMRF
Nov-13
Sep-23
68,000
68,000
Revenue Efficiency
Revenue Efficiency is defined as actual contract drilling revenue divided by the highest amount of total contract drilling revenue which could have been earned during the relevant period(s) expressed as a
percentage. Revenue Efficiency measures how much revenue we have earned against our maximum potential revenue per the contract. Revenue Efficiency does not apply during Out of Service Days (Shipyard, Mobilizations, Demobilizations, Contract
Preparation). The following table has been restated for Caspian Sea discontinued operations.
Q4 2010 Actual
Q3 2010 Actual
Q2 2010 Actual
Q1 2010 Actual
Q4 2009 Actual
Q3 2009 Actual
Q2 2009 Actual
Q1 2009 Actual
Ultra Deepwater
86.1
%
86.5
%
89.1
%
92.2
%
92.2
%
92.7
%
97.7
%
95.3
%
Deepwater
88.6
%
90.1
%
92.8
%
89.7
%
91.9
%
91.3
%
83.2
%
92.3
%
Harsh Environment Floaters
96.1
%
96.4
%
96.9
%
94.8
%
97.7
%
97.2
%
97.9
%
97.9
%
Midwater Floaters
85.0
%
96.2
%
93.9
%
94.7
%
95.1
%
97.4
%
91.9
%
91.0
%
High Specification Jackups
97.7
%
93.3
%
98.9
%
92.5
%
98.2
%
94.7
%
94.7
%
97.3
%
Standard Jackups
98.9
%
96.4
%
97.3
%
97.1
%
93.7
%
98.4
%
95.3
%
97.0
%
Others
96.1
%
99.6
%
98.5
%
99.5
%
98.7
%
84.8
%
99.5
%
93.2
%
Total Fleet
88.7
%
91.8
%
92.8
%
93.2
%
93.5
%
95.0
%
93.1
%
94.4
%
Estimated Contract Drilling Revenue can be calculated as:
Paid Days on Contract * Average Contract Dayrate * Revenue Efficiency
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Stacked Rigs
Rig Type/Name
Start Date
Deepwater (4)
Sedco 709
Prior to 2010
Jim Cunningham
5/13/2010
Sovereign Explorer
11/1/2010
Transocean Richardson
3/15/2011
Midwater Floaters (7)
Sedco 700
Prior to 2010
C. Kirk Rhein, Jr.
Prior to 2010
GSF Aleutian Key
1/9/2010
Sedco 703
Prior to 2010
Sedco 712
Prior to 2010
Sedco 601
4/9/2011
J.W. McLean
4/13/2011
High Specification Jackups (1)
GSF Galaxy I
Prior to 2010
Standard Jackups (23)
Trident 17
Prior to 2010
GSF Adriatic II
Prior to 2010
GSF Key Singapore
10/21/2010
GSF Adriatic VI
Prior to 2010
GSF Adriatic VIII
7/3/2010
D.R. Stewart
8/7/2010
G.H. Galloway
Prior to 2010
GSF Adriatic I
Prior to 2010
GSF Adriatic V
Prior to 2010
GSF Adriatic XI
Prior to 2010
GSF Rig 134
5/3/2010
GSF Rig 136
Prior to 2010
Interocean III
Prior to 2010
Randolph Yost
9/15/2010
Roger W. Mowell
8/29/2010
Transocean Shelf Explorer
Prior to 2010
Transocean Nordic
Prior to 2010
Trident IV-A
Prior to 2010
GSF High Island V
Prior to 2010
GSF High Island IX
Prior to 2010
GSF Rig 103
Prior to 2010
GSF Rig 127
Prior to 2010
Trident VI
Prior to 2010
Swamp Barges (1)
Searex 4
Prior to 2010
Idle Rigs
Rig Type/Name
Start Date
Deepwater (2)
Discoverer 534
9/6/2010
M. G. Hulme, Jr.
6/22/2010
Midwater Floaters (2)
Actinia
11/19/2010
Standard Jackups (4)
Harvey H. Ward
10/6/2010
GSF Rig 124
6/21/2010
Trident IX
12/29/2010
GSF Rig 141
3/27/2011
Stacked and Idle rigs
detailed above are not currently operating on contract. Start date denotes when rig commences idle or stacked status.
An Idle rig
is between contracts, readily available for operations, and operating costs are typically at or near normal levels. A Stacked rig, on the other hand, is manned by a reduced crew or unmanned and typically has reduced operating costs and
is (i) preparing for an extended period of inactivity, (ii) expected to continue to be inactive for an extended period, or (iii) completing a period of extended inactivity. However, stacked rigs will continue to incur operating costs
at or above normal operating costs for 30 to 60 days following initiation of stacking.
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
Updated: April 14, 2011
Revisions to Fleet Status Report Noted in Bold
Footnotes
(1)
Dates shown are the original service date and the date of the most recent upgrade, if any.
(2)
As of April 2, 2009, Estimated Contract Start and Estimated Expiration Dates are calculated as follows: (1) for events estimated to occur
between the 1st and 15th of a month, the previous month is reported (i.e. a contract which is estimated to commence on May 4, 2009 will be reported as commencing in April 2009) and (2) for events estimated to occur between the 16th and the
end of a month, the actual month is reported (i.e. a contract which is estimated to commence on May 24, 2009 will be reported as commencing in May 2009). Expiration dates represent the companys current estimate of the earliest date the
contract for each rig is likely to expire. Some rigs have two or more contracts in continuation, so the last line shows the estimated earliest availability. Many contracts permit the customer to extend the contract.
(3)
Represents the full operating dayrate, although the average dayrate over the term of the contract will be lower and could be substantially lower. Does
not reflect incentive programs which are typically based on the rigs operating performance against a performance curve. Please refer to the Customer Contract Duration and Dayrates and Risks Associated with Operations section of the
Disclaimers & Definitions for a description of dayrates. This column may not reflect the rate currently being received under the contract as a result of an applicable standby rate or other rate, which typically is less than the contract
dayrate.
(4)
The out of service time represents those days where a rig is scheduled to be out of service and not be available to earn an operating dayrate. Please
refer to the Out of Service Days (Shipyards, Mobilizations, Demobilizations, Contract Preparation) section of the Disclaimers & Definitions for a full description.
(5)
Estimated Average Contract Dayrate is defined as the average contracted full operating dayrate to be earned per revenue earning day. See note
(3) for definition of full operating dayrate.
(6)
Reflects the current contracted dayrate which could reflect prior cost escalations and could
change in the future due to further cost escalations.
(7)
Reflects the current contracted dayrate which is comprised of a foreign currency component and which could change due to foreign exchange adjustments.
(8)
Current contract provides for a bonus incentive opportunity not reflected in the stated current contract dayrate.
(9)
For the period of time that this rig is contracted to Applied Drilling Technology International, the drilling management services division of the
companys U.K. operating subsidiary, or Applied Drilling Technology Inc., the companys U.S. drilling management services subsidiary, accounting rules require that we eliminate the revenues and costs related to those contracts from the
contract drilling segment of the consolidated statement of operations. Revenues from turnkey contracts will be recognized in other revenues and are contingent upon successful completion of the well program.
(10)
Fixed price options may be exercised at the customers discretion. During periods when dayrates on new contracts are increasing relative to
existing contracts, the likelihood of customers exercising fixed price options increases. During periods when dayrates on new contracts are decreasing relative to existing contracts, the likelihood of customers exercising fixed price
options declines.
(11)
We have been awarded a five-year drilling contract by ExxonMobil which requires the construction and operation of a Gusto MSC/P 10,000 design drillship
to be named Deepwater Champion. Operations are expected to commence during the second quarter of 2011, after shipyard construction followed by sea trials, mobilization, and customer acceptance. The contract commencement date is contingent on
Transocean vendor performance and other factors. During the first year of the contract, the Deepwater Champion is expected to operate in Turkey (Black Sea) at $703,000. Subsequent operating location is yet to be determined, and the dayrate under the
contract could change depending on the country of future operations. For example, the dayrate could change to $640,000 or $650,000 if the operating location of the rig is moved to the USGOM or Brazil, respectively.
(12)
We have been awarded a five-year drilling contract by Chevron which requires the construction and operation of a yet to be named Keppel FELS Super B
Class Jackup. Operations are expected to commence during the first quarter of 2013, after shipyard construction followed by sea trials, mobilization to Thailand and customer acceptance. The contract commencement date is contingent on vendor
performance and other factors. During the first 36 months of the contract, the contract dayrate is $135,000, excluding escalation. The dayrate may be adjusted for the remaining 24 months based on market dayrates within specific parameters.
(13)
We have been awarded a five-year drilling contract by Chevron which requires the construction and operation of a yet to be named Keppel FELS Super B
Class Jackup. Operations are expected to commence during the third quarter of 2013, after shipyard construction followed by sea trials, mobilization to Thailand and customer acceptance. The contract commencement date is contingent on vendor
performance and other factors. During the first 36 months of the contract, the contract dayrate is $135,000, excluding escalation. The dayrate may be adjusted for the remaining 24 months based on market dayrates within specific parameters.
(14)
In November 2010 we agreed to purchase a Pacific Class 400 design jackup to be named Transocean Honor. Construction of the jackup is expected to be
completed in the fourth quarter of 2011. We are actively marketing the jackup.
(15)
Until August 2012, the contract dayrate is $469,000, subject to cost escalation. The dayrate for
the remainder of the contract is linked to the standard West Texas Intermediate crude oil price with a floor of $40 per barrel resulting in a contract dayrate of $400,000 and a ceiling of $70 per barrel resulting in a contract dayrate of $500,000,
subject to cost escalation.
(16)
We own a 50 percent interest in this ultra-deepwater Samsung-design drillship through a joint
venture company with Quantum Pacific Group.
(17)
The customer may elect to have the operating dayrate for the last five years of the contract
fluctuate based on crude oil price with a floor of $458,250 corresponding to a crude oil price of less than or equal to $50 per barrel, and a ceiling of $558,250 corresponding to a crude oil price of $100 per barrel or greater.
(18)
The customer has the right to convert the three-year contract to a five-year contract until
April 30, 2011.
(19)
GSF Britannia and GSF Labrador are classified as held for sale. Transocean will no longer include
these rigs in the Fleet Status Report.
(20)
The contract with Rig Management Norway led consortium permits the rig to drill HPHT well(s) at $400,000 and to drill well(s) in the Barents Sea,
Norway at $425,000. The contract also guarantees a minimum average dayrate of $403,000 during the firm term.
(21)
Since NTL 4 and declaration of the moratorium in the Gulf of Mexico, we have had a disagreement with the operator regarding the applicable rates under
the drilling contract. We are currently in discussions with the customer to resolve these differences.
(22)
The contract includes three optional wells. The first optional well has a dayrate of $115,000. The dayrate for the second and third optional well will
be adjusted based on market dayrates within specific parameters.
(23)
Dayrate is fixed for first 6 months then subject to quarterly adjustment based on market dayrates within specific parameters.
(24)
Dayrate subject to annual adjustment based on market dayrates within specific parameters.
(25)
Owned by a joint venture in which the company owns an 80 percent interest. Dayrate indicated reflects 100 percent of contract rate.
(26)
Operated under a management contract with the rigs owner. The rig is currently engaged in scientific geological coring activities and is owned by
an unconsolidated joint venture in which a subsidiary of the company has a 50 percent interest. The dayrate disclosed herein reflects 100 percent of the contracted rate. The companys 50 percent interest in the joint ventures earnings is
included in other income in its consolidated statement of operations.
(27)
The dayrate for the June 2011 to September 2011 period and the entire option period will be $254,000 if the customer exercises both options included in
the option period.
(28)
We own a 65 percent interest in this enhanced Enterprise-class drillship Discoverer Luanda through a joint venture company with Angco Cayman Limited.
(29)
The dayrate for
the entire contract duration will become $370,000, excluding escalation and foreign currency component adjustment, if the customer exercises the option.
Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report
DISCLAIMERS & DEFINITIONS
The information contained in this Fleet Status Report (the Information) is as of the date of the report only and is subject to change without
notice to the recipient. Transocean Ltd. assumes no duty to update any portion of the Information.
DISCLAIMER. NEITHER TRANSOCEAN LTD.
NOR ITS AFFILIATES MAKE ANY EXPRESS OR IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE) REGARDING THE INFORMATION CONTAINED IN THIS REPORT, WHICH INFORMATION IS PROVIDED
AS IS. Neither Transocean Ltd. nor its affiliates will be liable to any recipient or anyone else for any inaccuracy, error or omission, regardless of cause, in the information set forth in this report or for any damages (whether direct
or indirect, consequential, punitive or exemplary) resulting therefrom.
No Unauthorized Publication or Use. All information provided
by Transocean in this report is given for the exclusive use of the recipient and may not be published, redistributed or retransmitted without the prior written consent of Transocean.
Customer Contract Duration, Timing and Dayrates and Risks Associated with Operations. The duration and timing (including both starting and ending dates) of the customer contracts are estimates
only, and customer contracts are subject to cancellation, suspension and delays for a variety of reasons, including some beyond the control of Transocean. Also, the dayrates set forth in the report are estimates based upon the full contractual
operating dayrate. However, the actual average dayrate earned over the course of any given contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of
operations, etc.) including some beyond the control of Transocean. Our customer contracts and operations are generally subject to a number of risks and uncertainties, and we urge you to review the description and explanation of such risks and
uncertainties in our filings with the Securities and Exchange Commission (SEC), which are available free of charge on the SECs website at www.sec.gov. The dayrates do not include revenue for mobilizations, demobilizations, upgrades, shipyards
or recharges.
Out of Service Days (Shipyards, Mobilizations, Demobilizations, Contract Preparation). Changes in estimated out of
service time are noted where changes in the time Transocean anticipates that a rig is scheduled to be out of service and not be available to earn an operating dayrate have changed by a period of 30 days or longer for High Specification Floaters or
60 days or longer for all other rig classifications since the previously issued Monthly Fleet Update Summary or Comprehensive Fleet Status Report. The changes to estimated out of service time included in this Fleet Status may not be firm and could
change significantly based on a variety of factors. Any significant changes to our estimates of out of service time will be reflected in subsequent Monthly Fleet Updates and Comprehensive Fleet Status Reports, as applicable.
Contract Preparation refers to periods during which the rig is undergoing modifications or upgrades as a result of contract requirements. Shipyards
refers to periods during which the rig is out of service as a result of other scheduled shipyards, surveys, repairs, regulatory inspections or other scheduled service or work on the rig. In some instances such as certain mobilizations,
demobilizations, upgrades and shipyards, we are paid compensation by our customers that is generally recognized over the life of the underlying contract, although such compensation is not typically significant in relation to the revenue generated by
the dayrates we charge our customers.
Forward-Looking Statement. The statements made in the Fleet Update that are not historical facts
are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements made in the Fleet Update include, but are not limited to,
statements involving the estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations and planned shipyard projects and other out of service time. Such statements are subject to numerous risks,
uncertainties and assumptions, including but not limited to, uncertainties relating to the level of activity in offshore oil and gas exploration and development, exploration success by producers, oil and gas prices, competition and market conditions
in the contract drilling industry, shipyard delays, actions and approvals of third parties, possible cancellation or suspension of drilling contracts as a result of mechanical difficulties or performance, Transoceans ability to enter into and
the terms of future contracts, the availability of qualified personnel, labor relations and the outcome of negotiations with unions representing workers, operating hazards, factors affecting the duration of contracts including well-in-progress
provisions, the actual amount of downtime, factors resulting in reduced applicable dayrates, hurricanes and other weather conditions, terrorism, political and other uncertainties inherent in non-U.S. operations (including the risk of war, civil
disturbance, seizure or damage of equipment and exchange and currency fluctuations), the impact of governmental laws and regulations, the adequacy of sources of liquidity, the effect of litigation and contingencies and other factors described above
and discussed in Transoceans most recently filed Form 10-K, in Transoceans Forms 10-Q for subsequent periods and in Transoceans other filings with the SEC, which are available free of charge on the SECs website at
www.sec.gov. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. 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, except as required by law.
Fleet Classification. Transocean uses a rig classification for its semisubmersible rigs and drillships to reflect the companys strategic
focus on the ownership and operation of premium, high specification floating rigs. The rig classification High Specification Floaters is comprised of Ultra-Deepwater which refers to the latest generation of semisubmersible
rigs and drillships possessing the latest technical drilling capabilities and the ability to operate in water depths equal to or greater than 7,500 feet, Deepwater which refers to semisubmersible rigs and drillships that possess the
ability to drill in water depths equal to or greater than 4,500 feet, and Harsh Environment comprised of five of the companys premium harsh environment rigs, the semisubmersibles Henry Goodrich, Transocean Leader, Paul B. Loyd,
Jr., Transocean Arctic and Polar Pioneer. The category titled Midwater Floaters represents semisubmersible rigs and drillships that possess the ability to drill in water depths of up to 4,499 feet. The jackup fleet is subdivided into two
categories; High Specification which consists of harsh environment and high performance jackups and Standard.
Stacking. An Idle rig is between contracts, readily available for operations, and operating costs are typically at or near normal
levels. A Stacked rig, on the other hand, is manned by a reduced crew or unmanned and typically has reduced operating costs and is (i) preparing for an extended period of inactivity, (ii) expected to continue to be inactive for
an extended period, or (iii) completing a period of extended inactivity. However, stacked rigs will continue to incur operating costs at or above normal operating costs for 30 to 60 days following initiation of stacking.