OREANDA-NEWS. February 12, 2016. Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a comprehensive Fleet Status Report which provides the current status of and contract information for the company's entire fleet of offshore drilling rigs. The total value of new contracts added since the October 26, 2015, Fleet Status Report is approximately \\$500 million.

In February, the newbuild ultra-deepwater drillship Deepwater Thalassa commenced operations on its 10-year contract in the U.S. Gulf of Mexico at a dayrate of \\$519,000. The rig is designed to operate in water depths of up to 12,000 feet and drill wells to 40,000 feet. It features Transocean's patented dual-activity drilling technology, industry-leading hoisting capacity, Transocean's designed and patented Active Power Compensation hybrid system and a second blowout preventer (BOP). The drillship is upgradeable to accommodate a 20,000 psi BOP system.

The report includes the following:

  • GSF Rig 140 - awarded a one well contract offshore India at a dayrate of \\$158,000 (\\$18 million estimated backlog).
  • Jack Bates - customer exercised a 90 day option offshore Australia at a dayrate of \\$195,000 (\\$18 million estimated backlog).
  • M.G. Hulme, Jr. - awarded a one well contract in an undisclosed location at a dayrate of \\$163,000 (\\$16 million estimated backlog).
  • Sedco 702 - awarded a 45 day contract extension offshore Nigeria at a dayrate of \\$275,000 (\\$12 million estimated backlog).
  • Cajun Express - awarded 80 days offshore Ivory Coast; the dayrate is not disclosed.
  • Transocean Arctic - awarded three contracts with three separate customers in the Norwegian sector of the North Sea as follows:
    • one well contract at a dayrate of \\$179,000;
    • four well contract at a dayrate of \\$170,000; and
    • one well contract; the dayrate is not disclosed.
  • Estimated 2016 out-of-service time increased by a net 126 days due primarily to the reactivation of the Henry Goodrich. The rig is expected to commence its two year contract in Canada at a dayrate of \\$275,000 in the second quarter of 2016.
  • The Deepwater Navigator and GSF Grand Banks are classified as held for sale.