Transocean Ltd. Provides Quarterly Fleet Status Report
Transocean (NYSE: RIG) has released its quarterly Fleet Status Report, revealing significant contract awards and extensions for its offshore drilling rigs. Key highlights include:
- Deepwater Atlas secured two contracts in the U.S. Gulf of Mexico, with dayrates ranging from $505,000 to $650,000.
- Deepwater Asgard received a 365-day extension at $515,000 per day.
- Transocean Norge and Transocean Spitsbergen were awarded three-well extensions in Norway.
- Deepwater Mykonos got a 279-day option exercised in Brazil.
These new fixtures have added approximately $656 million to Transocean's backlog, bringing the total to about $8.8 billion as of July 24, 2024.
Transocean (NYSE: RIG) ha pubblicato il suo rapporto trimestrale sullo stato della flotta, rivelando importanti aggiudicazioni e proroghe di contratti per le sue piattaforme sottomarine. I punti salienti includono:
- Deepwater Atlas ha ottenuto due contratti nel Golfo del Messico, con tariffe giornaliere comprese tra $505.000 e $650.000.
- Deepwater Asgard ha ricevuto una proroga di 365 giorni a $515.000 al giorno.
- Transocean Norge e Transocean Spitsbergen hanno ottenuto proroghe per tre pozzi in Norvegia.
- Deepwater Mykonos ha esercitato un'opzione di 279 giorni in Brasile.
Questi nuovi contratti hanno aggiunto circa $656 milioni al portafoglio di Transocean, portando il totale a circa $8,8 miliardi al 24 luglio 2024.
Transocean (NYSE: RIG) ha publicado su informe trimestral sobre el estado de la flota, revelando importantes adjudicaciones y extensiones de contratos para sus plataformas de perforación en alta mar. Los puntos destacados incluyen:
- Deepwater Atlas aseguró dos contratos en el Golfo de México, con tarifas diarias que oscilan entre $505,000 y $650,000.
- Deepwater Asgard recibió una extensión de 365 días a $515,000 por día.
- Transocean Norge y Transocean Spitsbergen fueron adjudicadas extensiones de tres pozos en Noruega.
- Deepwater Mykonos ejerció una opción de 279 días en Brasil.
Estos nuevos contratos han agregado aproximadamente $656 millones al backlog de Transocean, llevando el total a alrededor de $8.8 mil millones al 24 de julio de 2024.
트랜스오션 (NYSE: RIG)은 분기별 선대 상태 보고서를 발표하며, 해양 시추 리그에 대한 중요한 계약 수주 및 연장 사항을 공개했습니다. 주요 하이라이트는 다음과 같습니다:
- Deepwater Atlas는 미국 멕시코만에서 두 개의 계약을 확보했으며, 일일 요금이 $505,000에서 $650,000 사이입니다.
- Deepwater Asgard는 하루에 $515,000의 요금으로 365일 연장을 받았습니다.
- Transocean Norge와 Transocean Spitsbergen은 노르웨이에서 세 개의 우물 연장을 수주했습니다.
- Deepwater Mykonos는 브라질에서 279일 옵션을 행사했습니다.
이 새로운 계약들은 트랜스오션의 백로그에 약 $656백만을 추가하여, 2024년 7월 24일 기준 총액이 약 $8.8십억에 이르게 했습니다.
Transocean (NYSE: RIG) a publié son rapport trimestriel sur l'état de la flotte, révélant d'importantes attributions de contrats et extensions pour ses plateformes de forage offshore. Les points saillants incluent :
- Deepwater Atlas a obtenu deux contrats dans le Golfe du Mexique, avec des tarifs journaliers allant de 505 000 $ à 650 000 $.
- Deepwater Asgard a reçu une extension de 365 jours à 515 000 $ par jour.
- Transocean Norge et Transocean Spitsbergen ont été attribués des extensions de trois puits en Norvège.
- Deepwater Mykonos a exercé une option de 279 jours au Brésil.
Ces nouveaux contrats ont ajouté environ 656 millions de dollars au carnet de commandes de Transocean, portant le total à environ 8,8 milliards de dollars au 24 juillet 2024.
Transocean (NYSE: RIG) hat seinen quartalsweisen Flottenstatusbericht veröffentlicht und bedeutende Vertragsvergabe und -verlängerungen für seine Offshore-Bohrinseln offengelegt. Zu den wichtigsten Highlights gehören:
- Deepwater Atlas hat zwei Verträge im Golf von Mexiko gesichert, mit Tagesraten zwischen $505.000 und $650.000.
- Deepwater Asgard erhielt eine 365-tägige Verlängerung zu $515.000 pro Tag.
- Transocean Norge und Transocean Spitsbergen wurden drei Bohrlochverlängerungen in Norwegen zugesprochen.
- Deepwater Mykonos hat eine 279-tägige Option in Brasilien ausgeübt.
Diese neuen Verträge haben etwa $656 Millionen zum Auftragsbestand von Transocean hinzugefügt, womit sich der Gesamtwert bis zum 24. Juli 2024 auf etwa $8,8 Milliarden beläuft.
- Secured multiple high-value contracts and extensions for offshore drilling rigs
- Deepwater Atlas contracts with dayrates up to $650,000
- Deepwater Asgard received a 365-day extension at $515,000 per day
- Added $656 million to the company's backlog
- Total backlog increased to approximately $8.8 billion
- None.
Insights
Transocean's latest Fleet Status Report reveals significant contract wins and extensions, bolstering the company's financial outlook. The standout development is the $656 million increase in backlog, pushing the total to an impressive
The report highlights a trend of increasing dayrates, particularly for high-specification assets. The Deepwater Atlas secured contracts with dayrates ranging from
Notably, the geographic diversity of these contracts - spanning the U.S. Gulf of Mexico, Norway, Australia and Brazil - demonstrates Transocean's global market presence and ability to capitalize on opportunities across various offshore regions. This diversification helps mitigate regional market risks.
The extended contracts for multiple rigs suggest client satisfaction and confidence in Transocean's operational capabilities. However, investors should note that while these contracts provide near-term stability, the offshore drilling market remains cyclical and subject to oil price fluctuations.
Overall, this report indicates a positive trajectory for Transocean, with improving market conditions and the company's strategic positioning likely to support financial performance in the coming quarters.
Transocean's latest fleet update offers valuable insights into the broader offshore drilling market dynamics. The consistent securing of new contracts and extensions across various global locations signals a robust recovery in offshore exploration and production activities.
The rising dayrates are particularly noteworthy. For instance, the Deepwater Atlas commanding up to
The geographical spread of contracts - from the Gulf of Mexico to Norway and Australia - indicates a global uptick in offshore activities. This resurgence is likely driven by several factors:
- Stabilizing oil prices encouraging offshore investments
- Depletion of easily accessible onshore reserves
- Technological advancements making deepwater drilling more economically viable
However, it's important to consider the potential headwinds. The push towards renewable energy and increasing environmental regulations could impact long-term demand for offshore drilling services. Additionally, geopolitical tensions and potential economic slowdowns could affect oil demand and, consequently, drilling activities.
For the broader energy sector, Transocean's report suggests a positive outlook for offshore service providers, equipment manufacturers and potentially mid-stream companies in the near to medium term. Investors should monitor these trends closely, as they may indicate a shift in energy investment patterns.
STEINHAUSEN, Switzerland, July 24, 2024 (GLOBE NEWSWIRE) -- Transocean Ltd. (NYSE: RIG) today issued a quarterly Fleet Status Report that provides the current status of, and contract information for, the company’s fleet of offshore drilling rigs.
This quarter’s report includes the following updates:
- Deepwater Atlas – Awarded a four-well contract in the U.S. Gulf of Mexico at a dayrate of
$505,000 , with contingencies to perform three completions at the same dayrate. - Deepwater Atlas – Awarded a two-well contract for drilling operations in the U.S. Gulf of Mexico at a dayrate of
$580,000 with contingencies to perform two 20K completions at a dayrate of$650,000. - Deepwater Asgard – Awarded a 365-day contract extension in the U.S. Gulf of Mexico at a dayrate of
$515,000. - Deepwater Invictus – Awarded a 40-day contract extension in the U.S. Gulf of Mexico.
- Transocean Norge – Awarded a three-well contract extension in Norway at a current dayrate of
$517,000. - Transocean Spitsbergen – Awarded a three-well contract extension in Norway at a current dayrate of
$483,000. - Transocean Endurance – Customer exercised a one-well option in Australia at a dayrate of
$390,000. - Deepwater Mykonos – Customer exercised a 279-day option in Brazil at a current dayrate of
$366,000.
The aggregate incremental backlog associated with these fixtures is approximately
The report can be accessed on the company’s website: www.deepwater.com.
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 36 mobile offshore drilling units, consisting of 28 ultra-deepwater floaters and eight harsh environment floaters.
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 beyond our control, and many cases, cannot be predicted. As a result, actual results could differ materially from those indicated by 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, the cost and timing of mobilizations and reactivations, 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 effects of the spread of and mitigation efforts by governments, businesses and individuals related to contagious illnesses, 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, 2023, 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 should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All subsequent written and oral forward-looking statements attributable to us 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. We expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in our expectations or beliefs with regard to the statement or any change in events, conditions or circumstances on which any forward-looking statement is based, except as 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
FAQ
What new contracts did Transocean (RIG) secure for Deepwater Atlas in July 2024?
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