Transocean Releases Monthly Fleet Update Summary

Transocean Ltd. (NYSE:RIG) has issued its monthly fleet update report which includes new contracts, changes to existing contracts, and other modifications of planned services since February 14, 2013.

As quoted in the press release:

Highlights are as follows:

• Estimated 2013 out of service time decreased by a net 45 days.
• The company sold two standard jackups, GSF Adriatic VIII and D.R. Stewart, which were previously held for sale. The details of the transactions have not been disclosed.
• Well Control Equipment Recertification — The company has now obtained third party certification of well control equipment on 42 of its 64 active floaters, including 24 of its 27 ultra-deepwater rigs.

Click here to read the full Transocean Ltd. (NYSE:RIG) press release.