Transocean's Fleet Update Summary

 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 October 15, 2014.  The total value of new contracts since the October 15, 2014 Fleet Status Report is approximately $83 million.

The report includes the following:

- Discoverer Enterprise - Awarded a one-well contract extension in the U.S. Gulf of Mexico at a dayrate of $399,000 ($32 million estimated backlog). The rig's prior dayrate was $615,000.

- GSF Galaxy III - Awarded a four month contract as an accommodation unit in Denmark at a dayrate of $175,000 ($23 million estimated backlog). The rig's prior dayrate was $160,000.

- Cajun Express - Awarded a one-well contract extension in Senegal at a dayrate of $487,000 ($15 million estimated backlog). The rig's prior dayrate was $596,000.

- Discoverer Seven Seas - Customer exercised a one-well option at an undisclosed location at a dayrate of $400,000 ($13 million estimated contract backlog). The rig's prior dayrate was $400,000.

- The ultra-deepwater floaters Deepwater Discovery and Sedco Express, and the midwater floater GSF Arctic III, are idle.

- Estimated 2014 planned out-of-service time increased by a net one day.  Estimated 2015 planned out-of-service time decreased by a net 225 days, including 173 days associated with Deepwater Discovery and Sedco Express.

The report can be accessed on the company's website at www.deepwater.com