Transocean Ltd. Announces $518 Million Ultra-Deepwater Drillship Contract
18 Luglio 2023 - 12:37PM
Transocean Ltd. (NYSE: RIG) (“Transocean”) today announced
that an independent operator awarded a 1,080-day contract for a
high-specification seventh-generation, ultra-deepwater drillship in
the Gulf of Mexico offshore Mexico. One of three drillships will be
selected by Transocean from among Deepwater Invictus, Deepwater
Thalassa, and Deepwater Proteus no later than one year prior to the
earliest date in the commencement window.
The contract will contribute approximately $518
million in backlog, excluding revenue for mobilization and
demobilization, and is expected to commence between the fourth
quarter of 2025 and second quarter of 2026. The contractual dayrate
is subject to a semi-annual cost adjustment mechanism with a
baseline established as of July 1, 2023. There are no additional
services provided under the contract.
“This award is especially encouraging on
numerous fronts,” said Chief Executive Officer Jeremy Thigpen. “The
fact that our customers are securing rigs well in advance of their
programs and committing to long-term contracts clearly demonstrates
the tightness of the market. Additionally, our ability to designate
the specific rig closer to the commencement of the program provides
us with increased flexibility to optimize the utilization of our
high-specification fleet of ultra-deepwater drillships.”
About Transocean
Transocean is a leading international provider
of offshore contract drilling services for oil and gas wells.
Transocean specializes in technically demanding sectors of the
global offshore drilling business with a particular focus on
deepwater and harsh environment drilling services and operates the
highest specification floating offshore drilling fleet in the
world.
Transocean owns or has partial ownership
interests in and operates a fleet of 37 mobile offshore
drilling units, consisting of 28 ultra-deepwater floaters and nine
harsh environment floaters. In addition, Transocean holds
a noncontrolling ownership interest in a company that is
constructing one ultra-deepwater drillship.
Forward-Looking Statements
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.
These statements could contain words such as "possible," "intend,"
"will," "if," "expect," or other similar expressions.
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. As a result, actual results could differ
materially from those indicated in these forward-looking
statements. 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 fluctuation of current and future prices
of oil and gas, the global and regional supply and demand for oil
and gas, the intention to scrap certain drilling rigs, the success
of our business following prior acquisitions, the effects of the
spread of and mitigation efforts by governments, businesses and
individuals related to contagious illnesses, such as COVID-19, 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, 2022, 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. 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. 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. 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 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. 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.
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. Investors must rely on
their own evaluation of Transocean and its securities, including
the merits and risks involved. Nothing contained herein is, or
shall be relied on as, a promise or representation as to the future
performance of Transocean.
Analyst Contact:Alison
Johnson+1 713-232-7214
Media Contact:Pam Easton+1
713-232-7647
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