Rig Fleet Status, Contract Update, from Transocean

Press Release January 17, 2013

Transocean's current status & 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 712 in anticipation of potential contracts.

Highlights are as follows:

Sedco 714 - Awarded an 18-month contract extension at a dayrate of $435,000 ($235 million contract backlog). The rig's prior dayrate was $398,000.
Well Control Equipment Recertification - The company has now obtained third party certification of well control equipment on 41 of its 64 active floaters, including 24 of its 27 ultra-deepwater rigs.
The company has sold the Trident 17, which was previously held for sale. The details of the transaction have not been disclosed.
GSF Arctic I is currently idle.