15:00 | 08.03.2010
DGAP-News: Transocean Ltd. Announces Ultra-Deepwater Drillship Dhirubhai Deepwater KG2 Begins Five-Year Contract in India
Transocean Ltd. /
08.03.2010 15:00
Dissemination of a Corporate News, transmitted by
DGAP – a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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ZUG, Switzerland, March 8, 2010 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE:RIG)
today announced that the newbuild ultra-deepwater drillship Dhirubhai Deepwater
KG2, which is owned by a joint venture with Pacific Drilling Limited, has
commenced operations for Reliance Industries in India under a five-year
drilling contract.
The dynamically positioned Dhirubhai Deepwater KG2, one of 24 Ultra-Deepwater
Floaters in the Transocean fleet, includes the most advanced drilling
capabilities in the offshore drilling industry. The vessel features National
Oilwell Varco drilling packages, significant off-line tubular-handling and
stand-building capabilities, advanced mud system designs, systems for building,
storing and running several subsea trees and efficient riser and BOP (blowout
preventer) handling systems. The drillship has a variable deckload of
approximately 20,000 metric tons and is equipped to work in water depths of up
to 12,000 feet and outfitted to construct wells up to 35,000 feet deep.
In addition to the Dhirubhai Deepwater KG2 and five newbuild units placed into
service last year, Transocean has four newbuild Ultra-Deepwater Floaters in
various stages of construction or preparation for initial contracts which are
scheduled to commence operations in 2010 and 2011. Those four units are the
Discoverer Inspiration, the Discoverer India, the Discoverer Luanda (the latter
owned by a joint venture company with Angco Cayman Limited) and the Deepwater
Champion.
The Transocean Ltd. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2252
FORWARD-LOOKING STATEMENTS
Statements regarding the Dhirubhai Deepwater KG2, operating specifications,
contract durations, revenues, cost, duration, area of operations, as well as
any other statements that are not historical facts, are forward-looking
statements that involve certain risks, uncertainties and assumptions. These
include but are not limited to operating hazards and delays, actions by
customers and other third parties, factors affecting the duration of contracts
including well-in-progress provisions, the actual amount of downtime, factors
resulting in reduced applicable dayrates, the future price of oil and gas and
other factors detailed in the company’s most recent Form 10-K and other 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 should underlying assumptions prove incorrect,
actual results may vary materially from those indicated.
Transocean Ltd. is the world’s largest offshore drilling contractor and the
leading provider of drilling management services worldwide. With a fleet of 139
mobile offshore drilling units plus four announced ultra-deepwater newbuild
units, the company’s fleet is considered one of the most modern and versatile
in the world due to its emphasis on technically demanding segments of the
offshore drilling business. The company owns or operates a contract drilling
fleet of 45 High-Specification Floaters (Ultra-Deepwater, Deepwater and
Harsh-Environment semisubmersibles and drillships), 26 Midwater Floaters, 10
High-Specification Jackups, 55 Standard Jackups and other assets utilized in
the support of offshore drilling activities worldwide.
For more information about Transocean, please visit our website at
www.deepwater.com.
CONTACT: Transocean Ltd.
Investor Contact:
Gregory S. Panagos
+1 713-232-7551
Media Contact:
Guy A. Cantwell
+1 713-232-7647
News Source: NASDAQ OMX
08.03.2010 15:00 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at
www.dgap-medientreff.de
and
www.dgap.de
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Language: English
Company: Transocean Ltd.
Cayman Islands
Phone:
Fax:
E-mail:
Internet:
ISIN: KYG900731004
WKN:
End of News DGAP News-Service
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