Customer agreed to transfer dates from the GSF Development Driller I to the Dhirubhai Deepwater KG2. Many contracts permit the customer to extend the contract. 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. Found inside – Page 1126The fleet I have been discussing will , when completed ... and while the former has no official status , yet it possesses the facilities for promptly and ... Found inside – Page 17The SANTA ROSA is in lay - up status , but the ship was withdrawn from ... for retention in the reserve fleet or for sale or charter to a qualified American ... Transocean Ltd. Since its last report Transocean added approximately $75 million in contract backlog, bringing total backlog Transocean Ltd. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland— July 21, 2021—Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Repo rt that provides the current status of, and contract information for, the company’s fleet of offshore If exercised, a lump sum payment of $12.5 million shall be payable to the customer upon commencement of the option period. As a result, actual results could differ materially from those indicated in these forward-looking statements. Transocean releases its new fleet status report. Distributed by Public, unedited and unaltered, on 15 July 2020 20:25:06 UTC. NEITHER TRANSOCEAN LTD. "TRB Special Report 321: Strengthening the Safety Culture of the Offshore Oil and Gas Industry offers recommendations to industry and regulators to strengthen and sustain the safety culture of the offshore oil and gas industry. The total contract value based upon the conditional agreement is estimated to be approximately $250 million. These statements contain words such as "possible," "intend," "will," "if," "expect," or other similar expressions. However, no backlog will be recognized until the project is sanctioned. As a result of certain delays, the timing for the delivery of the rig is currently being assessed. Found insideAppendix 2 – Status Reports Status of the 1975 Pacific Coast Albacore ... the remainder of the southern jig fleet to central California , where fishing was ... Transocean Ltd. 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. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved. You should not place undue reliance on forward-looking statements. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland, April 16, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report … STEINHAUSEN, Switzerland, Feb. 12, 2021 (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. Found inside – Page 36Report of the Committee on Naval Affairs, House of Representatives, Seventy-eighth ... factories and modification centers and operating units of the fleet . As of July 15, the company's total backlog is approximately $8.9 billion. An "Idle" rig is primarily between contracts, readily available for operations, and operating costs are typically at or near normal levels. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean. This quarter’s report … Burullus subsequently rescinded its termination notice during the second quarter. Transocean owns or has partial ownership interests in, and operates a fleet of 45 mobile offshore drilling units consisting of 28 ultra-deepwater floaters, 14 harsh environment floaters, and three midwater floaters. In addition, Transocean is constructing two ultra-deepwater drillships. The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) The dayrate adjustment generally offsets the foreign currency. Explains why the environmental crisis should lead to an abandonment of "free market" ideologies and current political systems, arguing that a massive reduction of greenhouse emissions may offer a best chance for correcting problems. STEINHAUSEN, Switzerland, July 21, 2021 (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. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland-October 14, 2020-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. All rights reserved. Forward-LookingStatement. Transocean owns or has partial ownership interests in, and operates a fleet of 39 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 12 harsh environment floaters. Estimated Contract Start and Estimated Expiration Dates are generally 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 March 24, 2018 will be reported as commencing in March 2018). Also, the dayrates set forth in the report are estimates based upon the full contractual operating dayrate. In some instances such as certain mobilizations, upgrades and shipyards, we are paid compensation by our customers that is generally recognized over the life of the primary contract term of the drilling contract. Found inside – Page 61... by Transocean Airlines , a commercial company which services a fleet of three ... the exception of Yap ( fourth class ) are of the third class status . Provides Quarterly Fleet Status Report. The comprehensive and authoritative coverage of The Offshore Drilling Industry and Rig Construction Market in the Gulf of Mexico makes it an ideal reference for engineers, industry professionals, policy analysts, government regulators, ... These statements contain words such as \"possible,\" \"intend,\" \"will,\" \"if,\" \"expect,\" or other similar expressions. Found inside – Page 91The operative status of fuel depots depends largely upon that of the larger ... importance to the fleet ; the maintenance of a complete transocean and ... Transocean ( RIG) has recently released its fleet status report which provides an opportunity to see how the situation changed since early January when I last wrote about the company. Without further ado, let’s look at the changes compared to the previous fleet status report: Fixed price options may be exercised at the customer's discretion. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. STEINHAUSEN, Switzerland, July 21, 2021 (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. Fleet Status Report. Transocean owns or has partial ownership interests in, and operates a fleet of, 37 mobile offshore drilling units consisting of 27 ultra-deepwater floaters and 10 harsh environment floaters. Transocean Ltd. In addition, Transocean is constructing two ultra-deepwater drillships. Factors that could cause actual results to differ materially include, but are not limited to, estimated duration of customer contracts, contract dayrate amounts, future contract commencement dates and locations, planned shipyard projects and other out-of-service time, sales of drilling units, timing of the company’s newbuild deliveries, operating hazards and delays, risks associated with international operations, actions by customers and other third parties, the future prices of oil and gas, the intention to scrap certain drilling rigs, the success of our business following the acquisitions of Songa Offshore SE and Ocean Rig UDW Inc., and other factors, including those and other risks discussed in the company's most recent Annual Report on Form 10-K for the year ended December 31, 2020, and in the company's other filings with the SEC, which are available free of charge on the SEC's website at: www.sec.gov. Found inside – Page 106CIVIL AERONAUTICS BOARD , annual report , 903 , 1004 . ... Statement , Transocean Airlines , by former Senator Josh Lee and Col. Joseph P. Adams , A1444 . Transocean Ltd. 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. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland-April 28, 2021-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. The report can be accessed on the company’s website: www.deepwater.com. Transocean Ltd. Transocean publishes its new fleet status report. Found inside – Page 37SOUTH - WEST AFRICA Commission reports on fishing industry ; June p . ... 45 . firm may SPAIN Distant - water fishing fleet expanded by 32 vessels in 1966 ... STEINHAUSEN, Switzerland—April 16, 2020—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. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland-July 15, 2020-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 book offers perspective and context for key decision points in structuring a CSOC, such as what capabilities to offer, how to architect large-scale data collection and analysis, and how to prepare the CSOC team for agile, threat-based ... This volume turns the spotlight on the neglected role of employees by analyzing many of the formal and informal ways that employees are actually involved in the governance of corporations, in U.S. firms and in large corporations in Germany ... This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations. Since its last Fleet Status Report in October, Transocean added approximately $366 million in contract including some beyond the control of Transocean. Found inside – Page 106Certificate for unlimited operation : conference report on bill ( H. R. 2225 ) ... Statement , Transocean Airlines , by former Senator Josh Lee and Col. From the Back Cover: On April 20, 2010, the Macondo well blew out, costing the lives of 11 men and beginning a catastrophe that sank the Deepwater Horizon drilling rig and spilled over 4 million barrels of crude oil into the Gulf of Mexico. In accordance with the contract, the company was compensated for the termination. All subsequent written and oral forward-looking statements attributable to the company or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. 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. STEINHAUSEN, Switzerland, April 28, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status … NEITHER TRANSOCEAN LTD. Found inside – Page 230See Transocean , Transocean Fleet Updme , fn . 11 ( Apr. 13 , 2010 ) ( online at http : // www deepwater.com/fw/main/Fleet-Update-Report-58.html ) . DISCLAIMER. Found inside – Page 238Ensure that riser running load issue information is issued fleet wide ( DP rigs ) ... Treatment Requested by Transocean Holdings LLC TRN - HCEC - 00016698 238. All non-GAAP financial measure reconciliations to the most comparative GAAP measure are displayed in quantitative schedules on the company’s website at: www.deepwater.com. The dayrates do not include revenue for mobilizations, demobilizations, upgrades, shipyards or recharges. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland, April 28, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report … Transocean Ltd. assumes no duty to update any portion of the Information. Click here to view the Fleet Status Report View All Fleet Status Reports. Transocean Ltd. today issued a comprehensive Fleet Status Report which provides current status and contract information for the company's entire fleet of offshore drilling rigs. This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations. Business Ethics is designed to meet the scope and sequence requirements of the single-semester business ethics course. This press release, or referenced documents, do not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and do not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”) or advertising within the meaning of the FinSA. During periods when dayrates on new contracts are increasing relative to existing contracts, the likelihood of customers' exercising fixed price options increases. 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 SEC's website at www.sec.gov. Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect. The quarter’s report released includes: Deepwater Invictus- Where a customer exercised one well solution in the United State’s Gulf of Mexico Deepwater Skyros- Where a […] The customer, Chrysaor, purchased assets, including the drilling contract for the Transocean 712, from our previous customer ConocoPhillips UK. The worlds largest offshore drilling rig is a fascinating ship. The report can be accessed on the company's website: Dates shown are the original service date and the date of the most recent upgrade, if any. Found inside – Page 91With an Appendix, Containing Bureau Reports, Etc United States. ... importance to the fleet ; the maintenance of a complete transocean and coastwise system ... STEINHAUSEN, Switzerland, July 21, 2021 (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. Transocean Ltd (NYSE: RIG) recently issued its quarterly Fleet Status Report. Transocean uses classifications for its drillships, semisubmersibles, and jackup rigs.The classifications reflect the company's strategic focus on the ownership and operations of premium, high-specification units and are approximately as follows: "Ultra-Deepwater" are the latest generation of drillships and semisubmersible rigs and are capable of drilling in water depths equal to or greater than 7,500 feet; "Deepwater" rigs are drillships and semisubmersible rigs capable of drilling in water depths equal to or greater than 4,500 feet and less than 7,500 feet; "Harsh Environment" are premium rigs equipped for year-round operations in harsh environments; "Midwater Floaters" are semisubmersible rigs capable of drilling in water depths of greater than 300 feet and up to 4,499 feet. Any significant changes to our estimates of out of service time will be reflected in subsequent Fleet Status Reports, as. Represents the full operating dayrate, although the average dayrate over the term of the contract will be lower and could be substantially lower. Estimated Average Contract Dayrate is defined as the average contracted full operating dayrate to be earned per revenue earning day. Should one or more of these risks or uncertainties materialize (or the other consequences of such a development worsen), or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or expressed or implied by such forward-looking statements. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean. 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. published this content on 15 July 2020 and is solely responsible for the information contained therein. Our customer has entered into the drilling contract with the operating company, a wholly owned subsidiary. All subsequent written and oral forward-looking statements attributable to the company or to persons acting on our behalf are expressly qualified in their entirety by reference to these risks and uncertainties. The company continues to stack rigs due to … Additionally, Transocean signed a conditional agreement with Beacon Offshore Energy for drilling services related to drill its Shenandoah project in the U.S. Gulf of Mexico, which requires a 20,000 psi well control system. STEINHAUSEN, Switzerland, July 21, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the … STEINHAUSEN, Switzerland, April 28, 2021 (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. 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." Found inside – Page 28( Images courtesy of Halliburton ) Foure 4 - pump coment Transocean hits ... The three rigs are part of the company's fleet of 32 high - specification ... Factors that could influence the contract start date include shipyard delivery, customer acceptance, and mobilization to operating location, among others. A customer exercised a 180-day option for a drillship. a contract which is estimated to commence on March 4, 2018 will be reported as commencing in February 2018) and (2) for events estimated to occur between the 16th and the end of a month, the actual month is reported (i.e. Transocean Ltd. assumes no duty to update any portion of the Information. Analysing the oil and gas industry, this book gives information on energy industry accounts, their reserves and depletion, taxation and stocks, and surveys the structure and conduct of the trade from portfolio construction to dollar ... Transocean Ltd. The Shenandoah project and associated drilling services are subject to Final Investment Decision (FID) from Beacon Offshore Energy and its partners, which is expected to be made on or prior to March 31, 2021. In September 2018, the contract was extended by 2 years through October 2021 and includes a blend and extend modification to the previous contract dayrate. Found inside – Page 215resort to a discussion of AMVER , on what is it , what is its status today . ... with exactly the kind of coverage that transocean aircraft enjoy . The company’s stock has performed better than most of its peers as Transocean avoided restructuring in the … This report of the workshop includes an examination of Sea Basing operational concepts; ship and aircraft technology available to make Sea Basing work; and issues involved in creating the sea base as a joint system of systems. Customer Contract Duration, Timing and Dayrates and Risks Associated with Operations. Found inside – Page 45215 Fleet Status Report , Transocean , 13 April 2010 , www.deepwater.com 216 BP Macondo Prospect Well Information , September 2009 ... During periods when dayrates on new contracts are decreasing relative to existing contracts, the likelihood of customers' exercising fixed price options declines. Provides Quarterly Fleet Status Report. We hold a 33.0% ownership interest in the unconsolidated company owning the rig. Financial Reports. Our contract backlog includes and we will recognize 100% of the contract drilling revenues associated with the drilling contract. Provides Quarterly Fleet Status Report STEINHAUSEN, Switzerland, Feb. 12, 2021 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report … Found inside – Page 91The operative status of fuel depots depends largely upon that of the larger ... importance to the fleet ; the maintenance of a complete transocean and ... STEINHAUSEN, Switzerland, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status … STEINHAUSEN, Switzerland, Feb. 14, 2020 (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. The time associated with committed shipyards, upgrades, surveys, repairs, regulatory inspections, contract preparation or other committed activity on the rig and is not expected to earn an operating dayrate, Contract preparation refers to periods during which the rig is undergoing modifications or upgrades as a result of contract requirements. Found inside – Page 17The Annual Report of the Maritime Administration for Fiscal Year . ... Cruises Development , Inc. and Transocean Lines , Inc. , both Liberian corporations . 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 to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law. In addition, Transocean is constructing two ultra-deepwater drillships. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-deepwater and harsh environment drilling services, and operates one of the most versatile offshore drilling fleets in the world.

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