Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since November 18, 2014. The total value of new contracts since the November 18, 2014 Fleet Update Summary is approximately $453 million.

The report includes the following:

GSF Development Driller I - Awarded a two year contract in Angola at a dayrate of $382,000 ($279 million estimated backlog). The rig was previously idle. Jack Bates - Customer exercised a nine month option in Australia at a dayrate of $370,000 ($101 million estimated backlog). The rig's prior dayrate was $420,000. Dhirubhai Deepwater KG2 - Awarded a five month contract extension in India at a dayrate of $395,000 ($59 million estimated backlog). The rig's prior dayrate was $510,000. Sedco Express - Awarded a 45 day contract in Nigeria at a dayrate of $300,000 ($14 million estimated backlog). The rig was previously idle. The Deepwater Pathfinder, Deepwater Expedition, GSF Explorer, and Discoverer Seven Seas are idle. Estimated 2014 planned out-of-service time increased by a net 34 days. Estimated 2015 planned out-of-service time decreased by a net 42 days.

Tags: Transocean Ltd.