Deepwater Conqueror

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Transocean Ltd. Announces Two Contract Awards in the U.S. Gulf of Mexico
July 28, 2021

STEINHAUSEN, Switzerland, July 28, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today it was awarded two contracts which, in aggregate, contribute approximately $55.5 million in backlog.

The Deepwater Conqueror was awarded a one-well contract with a major operator in the U.S. Gulf of Mexico. The value of this contract adds approximately 85 days and $28.5 million in backlog.

Both contracts are expected to commence in the first quarter of 2022.

[escveritas]

STEINHAUSEN, Switzerland, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

This quarter’s report includes the following updates:

• Deepwater Conqueror – Awarded a one-well contract extension in the U.S. Gulf of Mexico at $335,000 per day.

• Deepwater Asgard – Awarded a two-well contract in the U.S. Gulf of Mexico at $395,000 per day.

• Deepwater Invictus – Awarded a one-well contract extension in the U.S. Gulf of Mexico at $305,000 per day.

• Discoverer Inspiration – Awarded a one-well contract, plus two one-well options in the U.S. Gulf of Mexico at $290,000 per day.

• Paul B Loyd, Jr. – Awarded a one-well contract in the U.K. North Sea at $160,000 per day.

The aggregate incremental backlog associated with these fixtures is approximately $87.7 million. As of February 14, the company’s total backlog is approximately $6.5 billion.

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Transocean Ltd. Announces $321 Million Contract for Ultra-Deepwater Drillship Deepwater Conqueror
August 2, 2022

STEINHAUSEN, Switzerland, Aug. 01, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) announced today that the ultra-deepwater drillship, Deepwater Conqueror, has been awarded a two-year contract by a major operator for work in the U.S. Gulf of Mexico at $440,000 per day with up to an incremental $39,000 per day for additional products and services.

Excluding revenue associated with the additional products and services, the new contract adds an estimated $321 million in backlog and is expected to begin in December 2022 in direct continuation of the rig’s current contract.

[escveritas]

STEINHAUSEN, Switzerland, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.

This quarter’s report includes the following updates:

• Deepwater Conqueror – Awarded a two-year contract in the U.S. Gulf of Mexico at $440,000 per day.

• Deepwater Asgard – Awarded a one-well contract in the U.S. Gulf of Mexico at $395,000 per day plus a one-well option.

• Deepwater Asgard – Awarded a one-year contract in the U.S. Gulf of Mexico at $440,000 per day.

• Petrobras 10000 – Awarded a 5.8-year contract in Brazil at $399,000 per day escalating annually to $462,000 per day.

• Development Driller III – Awarded a one-well contract in Suriname at $345,000 per day plus two one-well options.

• Transocean Norge – Awarded a 17-well contract in Norway at dayrates between $350,000 and $430,000.

• Dhirubhai Deepwater KG1 – Customer exercised a one-well option in India at $330,000 per day.

• Paul B Loyd Jr – Customer exercised two 100-day options in the U.K. at $175,000 per day.

• Transocean Spitsbergen – Customer exercised a one-well option in Norway at $316,000 per day.

The aggregate incremental backlog associated with these fixtures is approximately $1.6 billion. As of October 13, the company’s total backlog is approximately $7.3 billion.