Transocean : Fleet Status Report

Published: 2026-05-04 17:57:15 ET RIG

Published on 05/04/2026 at 05:57 pm EDT

STEINHAUSEN, Switzerland-May 4, 2026-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:

Transocean Barents - Awarded a 1,095-day contract with Vår Energi ASA in Norway.

Deepwater Orion - Awarded a 1,095-day contract extension with Petrobras in Brazil.

Deepwater Aquila - Awarded a 365-day contract extension with Petrobras in Brazil.

Deepwater Corcovado - Awarded a 1,156-day contract extension with Petrobras in Brazil.

Deepwater Asgard - Awarded a five-well contract in the Eastern Mediterranean Sea.

The aggregate incremental backlog associated with these fixtures is approximately $1.6 billion. As of May 4, 2026, the company's total backlog is approximately $7.1 billion.

The report can be accessed on the company's website: https://www.deepwater.com.

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.

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 "approximately," "expected," "estimated," 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. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated.

Factors that could cause actual results to differ materially include, but are not limited to, the level of activity in offshore oil and gas exploration and development, exploration success by producers, 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 our expectations regarding the timing, completion and anticipated benefits of the proposed business combination with Valaris Limited, an exempted company limited by shares incorporated under the laws of Bermuda, and other risks discussed in the company's most recent Annual Report on Form 10-K for the year ended December 31, 2025, and in the company's other filings with the SEC, which are available free of charge on the SEC's website at: https://www.sec.gov. 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 https://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. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of Transocean. Investors must rely on their own evaluation of Transocean and its securities, including the merits and risks involved, when making any investment decision involving Transocean securities.

Sarah Davidson

+1 713-232-7217

Kristina Mays

+1 713-232-7734

Rig Type/Name

Footnote References

Primary Hookload Capacity

(Short Tons)

Yr. Entered

Service

Location

Customer

Status

Estimated Start

Date

Estimated End

Date

Dayrate on Current Contract

(Dollars)

Additional Comments

Ultra-Deepwater Drillships (20)

Deepwater Titan

1,700

2023

USGOM

Chevron

Firm

Apr-23

Apr-28

462,000

Deepwater Atlas

1,700

2022

USGOM USGOM USGOM USGOM USGOM USGOM USGOM

USGOM

Beacon Beacon Beacon Beacon Beacon Beacon bp

Firm Contingent Firm Contingent Firm

Firm Firm

Firm

Apr-26 Sep-26 Nov-26 Nov-26 Jan-27 Jan-27 Jun-28

Jun-29

Sep-26 Nov-26 Nov-26 Jan-27 Jan-27 Jun-27 May-29

May-30

580,000

650,000

580,000

650,000

580,000

505,000

635,000

Deepwater Aquila

1, 2, 3

1,400

2024

Brazil

Petrobras

Firm

Apr-26

Dec-26

435,000

1, 2, 3

Brazil

Petrobras

Firm

Jan-27

Jun-28

440,000

Deepwater Poseidon

1,400

2018

USGOM

Shell

Firm

Sep-18

Feb-28

499,000

Deepwater Pontus

1,400

2017

USGOM

Shell

Firm

Oct-17

Oct-27

496,000

Deepwater Conqueror

1,400

2016

USGOM

Not Disclosed

Firm

Oct-25

Sep-26

530,000

Deepwater Proteus

1,400

2016

USGOM

Idle

Apr-26

Deepwater Thalassa

1,400

2016

Mexico

Woodside

Firm

Mar-26

Feb-29

495,000

Deepwater Asgard

1,400

2014

USGOM

Eastern Med

Not Disclosed

Firm

Jun-25

Dec-26

Jun-26

Dec-27

515,000

405,000

Deepwater Invictus

1,400

2014

USGOM

Firm

Apr-25

Apr-28

485,000

Deepwater Skyros

1,250

2013

Ivory Coast

Murphy

Firm

Dec-25

May-26

361,000

1,250

2013

Ivory Coast

Murphy

Priced Option

May-26

Jun-26

361,000

Australia

Not Disclosed

Firm

Mar-27

Jan-28

Not Disclosed

Australia

Not Disclosed

Priced Options

Jan-28

Jul-30

Not Disclosed

Deepwater Corcovado

123

1,000

2011

Brazil

Petrobras

Firm

Apr-26

Dec-26

376,000

123

Brazil

Petrobras

Firm

Jan-27

Nov-30

387,000

Deepwater Mykonos

1,000

2011

Brazil

Out of Service Firm

May-26 Sep-26

Aug-26 Jun-27

426,000

71 days - Contract Preparation

Deepwater Orion

123

1,000

2011

Brazil

Petrobras

Firm

Apr-26

Dec-26

373,000

123

Brazil

Petrobras

Firm

Jan-27

Mar-30

387,000

Dhirubhai Deepwater KG2

123

1,000

2010

Brazil

Petrobras

Firm

Jun-24

May-26

452,000

Petrobras 10000

1, 2

1,000

2009

Brazil

Petrobras

Firm

Oct-25

Oct-26

413,000

Brazil

Petrobras

Firm

Oct-26

Oct-27

425,000

1, 2

Brazil

Petrobras

Firm

Oct-27

Oct-28

438,000

1, 2

Brazil

Petrobras

Firm

Oct-28

Aug-29

451,000

Dhirubhai Deepwater KG1

1,000

2009

India India India

India

ONGC

Reliance Industries Reliance Industries

Firm

Out of Service Firm

Priced Options

May-24 Aug-26 Oct-26

May-28

Jul-26 Oct-26 May-28

Sep-29

348,000

-410,000

Not Disclosed

74 days - Contract Preparation

Ocean Rig Apollo

1,250

2015

Stacked

Stacked May-16

Ocean Rig Athena

1,250

2014

Stacked

Stacked Mar-17

Ocean Rig Mylos

1,250

2013

Stacked

Stacked Sep-16

Q2 2026

Q3 2026

Q4 2026

Q1 2027

Estimated Average Contract Dayrates (4)

$455,000

$462,000

$444,000

$447,000

Harsh Environment Semisubmersibles (7)

Transocean Norge

2, 3

Norway

Harbour Energy / OMV

Firm

Jan-26

Nov-27

456,000

Transocean Spitsbergen

1, 2, 3

1,000

2010

Norway

Equinor

Firm

Mar-26

Jan-27

401,000

1, 2, 3

Norway

Equinor

Firm

Jan-27

Oct-27

503,000

Transocean Barents

1,000

2009

Romania Romania

Not Disclosed Norway Norway

OMV Petrom S.A. OMV Petrom S.A.

Vår Energi ASA Vår Energi ASA

Firm Firm

Out of Service Firm

Priced Options

Mar-25 Sep-26 Mar-27 Jul-27

Jul-30

Sep-26 Mar-27 Jul-27 Jul-30

Jul-34

465,000

480,000

451,000

Not Disclosed

135 days - Mobilization & Contract Preparation

1, 2

Transocean Enabler

1, 2, 3

750

2016

Norway

Equinor

Out of Service

Apr-26

May-26

34 days - Planned Maintenance

Norway

Equinor

Firm

May-26

Oct-26

420,000

1, 2, 3

Norway

Equinor

Firm

Oct-26

Mar-28

460,000

Transocean Encourage

1, 2, 3

750

2016

Norway

Not Disclosed

Firm

Jan-26

Mar-27

495,000

1, 2, 3

Norway

Not Disclosed

Firm

Mar-27

Mar-28

421,000

Transocean Endurance

750

2015

Australia

Woodside

Firm

Feb-26

Aug-26

390,000

Australia

Woodside

Firm

Aug-26

Oct-26

419,000

Transocean Equinox

750

2015

Australia

Not Disclosed

Firm

Apr-25

Aug-26

485,000

Australia

Not Disclosed

Firm

Sep-26

Nov-26

540,000

Q2 2026

Q3 2026

Q4 2026

Q1 2027

Estimated Average Contract Dayrates (4)

$447,000

$448,000

$463,000

$471,000

Disclaimer

Transocean Ltd. published this content on May 04, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 04, 2026 at 21:56 UTC.