Transocean Ltd. issued yesterday a comprehensive Fleet Status Report, which provides current status and contract information for the company’s entire fleet of offshore drilling rigs. The value of new contracts or extensions since the December 17, 2012 fleet update summary is approximately $235 million.
Estimated 2012 out of service time decreased by a net 15 days. Estimated 2013 out of service time increased by a net 205 days, including 253 days to reactivate the Sedco 714 in anticipation of potential contracts.
Highlights are as follows:
To more accurately reflect the impact of contract incentive provisions, the company’s revenue efficiency has been restated. For the historical periods presented in the Fleet Status Report, the increase in revenue efficiency averaged approximately 0.4 percent per quarter.
The entire report
[mappress] Transocean, January 18, 2013