Transocean Ltd. issues quarterly Fleet Status Report

Transocean specialises in technically demanding environments, specifically ultra-deepwater and harsh environments (photo: Transocean)
Transocean specialises in technically demanding environments, specifically ultra-deepwater and harsh environments (photo: Transocean)

Transocean Ltd. has issued its quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

Since the prior quarter’s Fleet Status Report, the company has added approximately USD 465 million in contract backlog. As of 22 October, the company’s backlog is USD 11.5 billion.

Among the contract additions, the ultra-deepwater semisubmersible Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras. The rig’s contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018.

This quarter’s report also includes the following new contracts:

  • Henry Goodrich – Awarded a one-year contract extension offshore Eastern Canada.
  • Transocean Norge – Awarded a six-well contract and four well options in the Norwegian Continental Shelf. The newbuild, harsh environment semisubmersible’s contract is expected to commence in July 2019.
  • Paul B. Loyd, Jr. – Awarded a two-well contract expected to commence in March 2019 plus four one-well options in the UK North Sea.
  • Dhirubhai Deepwater KG2 – Awarded a three-well contract expected to commence in February 2019 plus two one-well options offshore China.
  • Transocean Leader – Awarded a three-well contract in the UK North Sea.
  • Deepwater Asgard – Awarded a one-well contract offshore Mexico.
  • Transocean Spitsbergen – Customer exercised one-well option offshore Norway.
  • Deepwater Nautilus – Customer exercised one-well option offshore Malaysia.

As previously announced, the company has retired the following two floaters: C.R. Luigs and Songa Delta. The rigs are classified as held for sale and will be recycled in an environmentally responsible manner.

The full report can be accessed on the company’s website: www.deepwater.com