Transocean Provides Fleet Update Summary

Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts and 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-service time increased by a net 6 days.

– The company sold the standard jackup, GSF Rig 127, which was previously held for sale. The details of the transaction have not been disclosed.

Transocean is a leading international provider of offshore contract drilling services for oil and gas wells. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of, 80 mobile offshore drilling units consisting of 46 high-specification floaters (ultra-deepwater, deepwater and harshenvironment drilling rigs), 22 midwater floaters and 12 high-specification jackups. In addition, the company has seven ultra-deepwater drillships and five high-specification jackups under construction.

Press Release, November 19, 2013