Transocean Releases Latest Rig Fleet Update

Transocean' monthly Fleet Update Summary includes new contracts, significant changes to existing contracts & changes in estimated planned out-of-service time of 15 or more days since October 16, 2013.  The total value of new contracts since the October 16, 2013 Fleet Status Report is approximately $166 million.

Other items include:

• Discoverer Enterprise - Awarded a nine-month contract extension for work in the U.S. Gulf of Mexico at a dayrate of $615,000 ($166 million estimated backlog). The rig's prior dayrate was $515,000.
• The ultra-deepwater floater, Deepwater Discovery, is idle.
• Estimated 2013 planned out-of-service time increased by a net 37 days; estimated 2014 planned out-of-
• The company sold the standard jackup, GSF Rig 127, which was previously held for sale. The details of the transaction have not been disclosed.