WINTER ONLINE EXTRAS

AROUND RIG

FEATURE

FEATURE

RESPONSIBILITY

VIEWPOINT

A message from CEO Steven Newman

MEASURING OUR SUCCESS

INBOX: Letters from our customers

Achievements and Milestones

Safety Snapshot

GSF Main Pass I Sets New Record in Saudi Arabia

Jack Bates Team Targets Safety for Strong Performance

Harvey H. Ward Sets World Record

FEATURE

What Makes the Deepwater Champion Tick?

Outstanding Performers: Meet Transocean's 2011 FIRST Excellence Recipients

AROUND RIG

Shipyard Projects

Newbuild News

Discoverer Spirit Hosts Two Presidents

After a Long Run the Discoverer Luanda Gets it Done

Transocean Ltd. Announces Definitive Agreements to sell 38 Shallow Water Drilling Rigs to Shelf Drilling

Transocean Ltd. Announces Management Changes

Esa Ikäheimonen Joins Transocean Ltd.  Assumes CFO Responsibilities

Transocean SAM Division Named to Brazil’s Top 150 Best Places to Work—Again!

Transocean Once Again Included in Top 100 Best Places to Work in IT

Customer Appreciation in Houston

KG2 Completes First Korean Deepwater Well

RESPONSIBILITY

Houston: Team Transocean Rides, Raises Funds for MS

U.K. North Sea Division Raises over $32,000 for Local Charities

Transocean Employees Show Support for Our Veterans

Transocean Radio Operator Promotes Cancer Awareness in India

Helping Others is a Kick

Transocean NAM Division Raises over $15,000 for the Texas Children’s Hospital

Record Attendance Makes a Difference at 2012 Employee Beach Cleanup

Houston Employees Rocked the Walk for the Susan G. Komen Foundation

Aberdeen Women’s Team Helps the Fight Against Cancer

RIG PEOPLE

Spotlight On: Terry Bonno

Service Anniversaries and Other Events

Pat on the Back

FALL/WINTER 2012
ISSUE 9

Newbuild News

Keel Laying for Deepwater Asgard

Transocean celebrated the traditional birth of a ship at the keel laying ceremony for the Deepwater Asgard on October 4.  This is the sixth Transocean drillship built by Daewoo Shipbuilding and Marine Engineering Co. (DSME), and 11th drilling unit built for Transocean.

Dan FarrDirector, Newbuilds“The trust that exists between our companies and the passion we share for excellence and industry leadership is most recently demonstrated by our announcement to construct four additional drillships,” said Dan Farr, Director, Newbuilds.

The team effort from marketing, engineering, procurement and project management, with its initial concept in Norway, turned the concept into a reality at the keel laying event. The Deepwater Asgard is scheduled to be launched into the water in December as part of its sea trials.

Deepwater Invictus Steel Cutting

June 13 marked another successful day at Transocean, as the steel cutting took place for the Deepwater Invictus drillship.

Hull 3613, named Deepwater Invictus, is the seventh drillship and the 12th drilling unit built for Transocean by our friends at Daewood Shipbuilding and Marine Engineering Co. (DSME), a relationship that has existed between our two companies for over 30 years.

Congratulations and thank you to all who took part. We look forward to working with you on the drillship. With safety in the forefront, Transocean’s expectations are very clear for all the men and women who will build and operate this drillship: from the moment when construction starts and as the drillship explores the world’s oceans, “Working safely from ship to shore, incident-free operations – all the time – everywhere.”

Transocean Ltd. Announces 10-Year Contracts for 4 Newbuild Ultra-Deepwater Drillships

The announcement of the unprecedented contracts was made on September 28, as Transocean was awarded 10-year drilling contracts for four newbuild dynamically positioned ultra-deepwater drillships by Royal Dutch Shell (Shell).  The first rig’s shipyard delivery is scheduled for mid-2015. The remaining three drillships are expected to be delivered from the shipyard at approximately six-month intervals afterward. After customer acceptance, the 40 “rig years” of contracts are expected to contribute an estimated revenue backlog of $7.6 billion, excluding mobilization. The estimated capital investment for the four newbuild rigs is $3 billion, excluding capitalized interest.

“These contracts add 40 years of rig work to our revenue backlog, expand and upgrade our ultra-deepwater fleet, improve our fleet mix and provide an opportunity to expand our relationship with an important customer with which we have 40 years of experience in advancing the state of the art in offshore drilling technology,” said Steven Newman, President and Chief Executive Officer of Transocean Ltd. “We look forward to providing Shell with incremental value through the addition of these seventh-generation, ultra-deepwater drillships.”

Peter Sharpe, Shell’s Executive Vice President, Wells, said, “These state-of-the-art deepwater rigs, on which we are collaborating with Transocean to design, will comply with the highest industry standards for safety, operations and environmental protection for drilling deepwater wells.”

Transocean celebrated the 40 rig years of revenue backlog with Shell employees in Amsterdam at a customer appreciation event held in October.

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