Transocean Ltd. Provides Quarterly Fleet Status Report

Rhea-AI Summary

Transocean (NYSE: RIG) issued its quarterly Fleet Status Report on Oct 15, 2025 detailing recent contract updates for its offshore drilling fleet.

Key items: Deepwater Atlas customer exercised a 365-day option in the U.S. Gulf at a dayrate of $635,000; Deepwater Mykonos customer exercised a 30-day option in Brazil. The aggregate incremental backlog from these fixtures is approximately $243 million, and the company reported a total backlog of approximately $6.7 billion as of Oct 15, 2025.

Positive

• Deepwater Atlas 365-day option at $635,000/day
• Deepwater Mykonos 30-day option in Brazil
• Aggregate incremental backlog of $243 million
• Total company backlog of approximately $6.7 billion as of Oct 15, 2025

Negative

• None.

STEINHAUSEN, Switzerland, Oct. 15, 2025 (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 – Customer exercised a 365-day option in the U.S. Gulf at a dayrate of $635,000.

• Deepwater Mykonos – Customer exercised a 30-day option in Brazil.

The aggregate incremental backlog associated with these fixtures is approximately $243 million. As of October 15, 2025, the company’s total backlog is approximately $6.7 billion.

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. The company specializes in technically demanding sectors of the global offshore drilling business with a particular focus on ultra-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 27 mobile offshore drilling units, consisting of 20 ultra-deepwater floaters and seven 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 in 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, 2024, and in the company’s other filings with the United States Securities and Exchange Commission (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:
Kristina Mays
+1 713-232-7734

FAQ

What did Transocean (RIG) report in its Oct 15, 2025 Fleet Status Report?

Transocean reported exercised options on Deepwater Atlas (365 days at $635,000/day) and Deepwater Mykonos (30 days), with an incremental backlog of about $243 million and total backlog ~$6.7 billion.

How much incremental backlog did the new Transocean (RIG) fixtures add on Oct 15, 2025?

The fixtures added an aggregate incremental backlog of approximately $243 million.

What is Transocean's (RIG) total backlog as of Oct 15, 2025?

The company's total backlog was reported at approximately $6.7 billion as of Oct 15, 2025.

What dayrate was the Deepwater Atlas option exercised at in Transocean's Oct 15, 2025 report?

The Deepwater Atlas option was exercised at a dayrate of $635,000 per day.

Where will the 30-day option for Deepwater Mykonos operate according to Transocean's Oct 15, 2025 update?

The 30-day option for Deepwater Mykonos is for operations in Brazil.

Where can investors access Transocean's Oct 15, 2025 Fleet Status Report for RIG?

The Fleet Status Report is available on the company's website at www.deepwater.com.