Transocean Ltd. (NYSE: RIG), (SIX: RIGN) Fleet Status Report October 17, 2011 Page 2 Yr. (1) Water Drilling Estimated Current Previous Floater Entered Depth Depth Contract Estimated Contract (3) Contract (3) Rig Type/Name Type Service Rigs Under Construction (6) DSME 12000 Drillship TBN1 (28) ship TBA 12,000 40,000 See Footnote 29 See Footnote 29 See Footnote 29 See Footnote 29 See Footnote 29 N/A DSME 12000 Drillship TBN2 (28) ship TBA 12,000 40,000 See Footnote 29 See Footnote 29 See Footnote 29 See Footnote 29 See Footnote 29 N/A Keppel FELS Super B Class Jackup TBN1 TBA 35,000 Thailand Chevron See Footnote 12 See Footnote 12 See Footnote 12 N/A Keppel FELS Super B Class Jackup TBN2 TBA 35,000 Thailand Chevron See Footnote 13 See Footnote 13 See Footnote 13 N/A Keppel FELS Super B Class Jackup TBN3 TBA 35,000 Thailand Chevron See Footnote 27 See Footnote 27 See Footnote 27 N/A Transocean Honor TBA 30,000 See Footnote 14 See Footnote 14 See Footnote 14 See Footnote 14 See Footnote 14 N/A Ultra-Deepwater (27) Discoverer Americas (6) ship 12,000 40,000 USGOM Statoil Mar-11 Apr-14 505,000 486,000 Deepwater Champion (6), (11) ship 12,000 40,000 Turkey/Black Sea ExxonMobil May-11 May-12 690,000 N/A TBA ExxonMobil May-12 Dec-15 TBA 690,000 Discoverer Clear Leader (6), (15) ship 12,000 40,000 USGOM Chevron Sep-10 Aug-14 504,000 503,000 Discoverer Inspiration (6) ship 12,000 40,000 USGOM Chevron Sep-10 Mar-15 506,000 494,000 Dhirubhai Deepwater KG1 (16) ship 12,000 35,000 India Reliance Aug-09 Jul-14 510,000 N/A Dhirubhai Deepwater KG2 (16) ship 12,000 35,000 Brunei India Reliance Dec-11 Feb-15 510,000 558,000 Discoverer India (17) ship 12,000 40,000 USGOM Reliance Aug-11 Feb-13 (25) 508,000 508,000 India Reliance Mar-13 Feb-21 508,000 508,000 ship 12,000 37,500 Brazil Discoverer Deep Seas (6) ship 10,000 35,000 USGOM Chevron Feb-11 Feb-13 450,000 517,000 Discoverer Enterprise (6) ship 10,000 35,000 USGOM Jan-11 Jan-13 435,000 523,000 USGOM Jan-13 Jan-14 492,000 435,000 Discoverer Spirit (6) ship 10,000 35,000 Liberia Anadarko Jun-11 Oct-11 547,000 (23) 540,000 Sierra Leone Anadarko Oct-11 Jan-12 545,000 (23) 547,000 (23) Liberia Chevron Jan-12 May-12 564,000 (23) 545,000 (23) USGOM Anadarko May-12 Apr-14 540,000 564,000 (23) GSF C.R. Luigs (6) ship 10,000 35,000 USGOM BHP Billiton Sep-09 Feb-14 519,000 411,000 GSF Jack Ryan (6) ship 10,000 35,000 Nigeria Total Jun-09 Jul-13 425,000 297,000 Deepwater Discovery (6), (7) ship 10,000 30,000 Brazil Devon Aug-11 Aug-13 463,000 425,000 Deepwater Frontier (6) ship 10,000 30,000 Australia ExxonMobil Dec-11 Feb-14 475,000 477,000 Deepwater Millennium (6), (19) ship 10,000 30,000 Ghana Anadarko Nov-10 Oct-11 576,000 543,000 TBA Anadarko Dec-11 Jul-13 TBA 576,000 Deepwater Pathfinder (6) ship 10,000 30,000 USGOM Eni Aug-10 Apr-15 667,000 550,000 Deepwater Expedition (6) ship 8,500 30,000 Malaysia Cajun Express (6), (7), (18) semi 8,500 35,000 Brazil Deepwater Nautilus (6) semi 8,000 30,000 USGOM Shell Dec-08 Aug-12 550,000 493,000 GSF Explorer ship 1972/1998 7,800 30,000 Indonesia Marathon-led Consortium May-10 Jul-12 510,000 426,000 Discoverer Luanda (6), (16) ship 7,500 40,000 Angola Jan-11 Jan-18 430,000 N/A GSF Development Driller I (6) semi 7,500 37,500 USGOM BHP Billiton Jun-08 Oct-12 513,000 220,000 GSF Development Driller II (6) semi 7,500 37,500 USGOM Nov-08 Nov-13 580,000 208,000 Development Driller III (6) semi 7,500 37,500 USGOM Nov-09 Nov-16 403,000 N/A Sedco Energy semi 7,500 35,000 Ghana Tullow Sep-11 Sep-13 440,000 N/A Sedco Express (6) semi 7,500 35,000 Israel Noble Energy Sep-10 Dec-11 530,000 188,000 Israel Noble Energy Dec-11 Mar-12 470,000 530,000 Israel Israel Oil Company Mar-12 May-12 490,000 470,000 Total Estimated Days Out of Service Estimated Average Contract Dayrate (5) $515,000 $512,000 $509,000 $506,000 $507,000 $508,000 Revisions to Fleet Status Report Noted in Bold Dynamically positioned High Specification Floaters: Estimated Out of Service Days (4) Page 3 Yr. (1) Water Drilling Estimated Current Previous Floater Entered Depth Depth Contract Estimated Contract (3) Contract (3) Rig Type/Name Type Service Revisions to Fleet Status Report Noted in Bold Dynamically positioned Estimated Out of Service Days (4) Deepwater (16) Deepwater Navigator (7), (8) ship 1971/2000 7,200 25,000 Brazil Discoverer 534 ship 1975/1991 7,000 25,000 Malaysia Stacked Discoverer Seven Seas ship 1976/1997 7,000 25,000 India ONGC Jun-11 Oct-11 295,000 316,000 Transocean Marianas (6) semi 1979/1998 7,000 25,000 Ghana ENI Feb-11 Dec-12 450,000 450,000 Sedco 706 (6), (7) semi 1976/1994/ 6,500 25,000 Brazil Chevron Apr-09 Apr-14 311,000 N/A Sedco 702 (6), (7) semi 1973/2007 6,500 25,000 Nigeria Shell Mar-08 Mar-12 357,000 N/A Sedco 707 (7), (8) semi 1976/1997 6,500 25,000 Brazil GSF Celtic Sea semi 1982/1998 5,750 25,000 Angola ExxonMobil Sep-11 Sep-12 320,000 486,000 Angola ExxonMobil Sep-12 Sep-13 324,000 320,000 Angola ExxonMobil Sep-13 Sep-14 328,000 324,000 Jack Bates semi 1986/1997 5,400 30,000 Australia Hess Oct-11 May-12 380,000 420,000 Sedco 709 semi 1977/1999 5,000 25,000 Malaysia Stacked M.G. Hulme, Jr. (7) semi 1983/1996 5,000 25,000 India ONGC Sep-11 Sep-12 242,000 N/A Transocean Richardson semi 5,000 25,000 Malaysia Stacked Jim Cunningham semi 1982/1995 4,600 25,000 Malaysia Stacked Sedco 710 (7), (8) semi 1983/2001 4,500 25,000 Brazil Transocean Rather semi 4,500 25,000 Angola ExxonMobil May-11 Nov-11 437,000 437,000 Nov-11 Jan-12 256,000 437,000 Jan-12 Aug-12 437,000 256,000 Sovereign Explorer semi 4,500 25,000 USGOM Stacked Total Estimated Days Out of Service Estimated Average Contract Dayrate (5) $348,000 $344,000 $351,000 $350,000 $346,000 $351,000 Harsh Environment (7) Transocean Barents (6), (7), (28) semi 10,000 30,000 DNO Oct-11 Jul-12 564,000 N/A DNO Jul-12 Jul-14 573,000 (31) 564,000 Transocean Spitsbergen (6), (7), (28), (30) semi 10,000 30,000 Statoil Oct-11 Jul-13 483,000 N/A Henry Goodrich (6) semi 1985/2007 5,000 30,000 Canada Husky Oct-10 Jan-14 335,000 381,000 Transocean Leader (6), (7) semi 1987/1997 4,500 25,000 Statoil Sep-09 Feb-12 467,000 340,000 Feb-12 Feb-15 400,000 467,000 Paul B. Loyd, Jr. (6), (7) semi 2,000 25,000 UKNS Apr-09 Mar-12 508,000 312,000 Mar-12 Mar-13 344,000 508,000 Transocean Arctic (6), (7) semi 1,650 25,000 Statoil Jan-07 Jul-12 296,000 195,000 Rig Management Norway Jul-12 Jun-13 417,000 296,000 Rig Management Norway Jun-13 Feb-14 409,000 417,000 Polar Pioneer (6), (7) semi 1,500 25,000 Statoil Feb-10 Jan-14 512,000 309,000 Total Estimated Days Out of Service Estimated Average Contract Dayrate (5) $427,000 $457,000 $464,000 $421,000 $436,000 $444,000 Page 4 Yr. (1) Water Drilling Estimated Current Previous Floater Entered Depth Depth Contract Estimated Contract (3) Contract (3) Rig Type/Name Type Service Revisions to Fleet Status Report Noted in Bold Dynamically positioned Estimated Out of Service Days (4) Midwater Floaters (25) Sedco 700 semi 1973/1997 3,600 25,000 Malaysia Stacked Transocean Legend semi 3,500 25,000 Australia Conoco Phillips Oct-11 Nov-12 293,000 300,000 Transocean Amirante semi 1978/1997 3,500 25,000 Egypt Burullus Gas Company Aug-11 Jun-12 247,000 364,000 GSF Arctic I (6), (7) semi 1983/1996 3,400 25,000 Brazil Starfish Jan-11 Dec-11 250,000 287,000 Brazil Panoro Energy Feb-12 Oct-12 270,000 250,000 C. Kirk Rhein, Jr. semi 1976/1997 3,300 25,000 Malaysia Stacked Transocean Driller (7), (8) semi 3,000 25,000 Brazil GSF Rig 135 semi 2,800 25,000 Nigeria GSF Rig 140 (6) semi 2,800 25,000 Nigeria Falcon 100 (7), (8) semi 1974/1999 2,400 25,000 Brazil GSF Aleutian Key semi 1976/1999/ 2,300 25,000 Gabon Stacked Sedco 703 semi 1973/1995 2,000 25,000 Malaysia Stacked Sedco 711 (7) semi 1,800 25,000 UKNS Shell Jan-11 Oct-11 418,000 383,000 UKNS ADTI Oct-11 Nov-11 See Footnote 9 418,000 Transocean John Shaw (7) semi 1,800 25,000 UKNS Enquest Jul-11 Oct-11 253,000 246,000 GSF Arctic III semi 1,800 25,000 UKNS ExxonMobil Jul-10 Oct-11 252,000 (6), (7) N/A Ireland Providence Oct-11 Dec-11 248,000 252,000 (6), (7) Sedco 712 semi 1,600 25,000 UKNS Stacked Sedco 714 (7) semi 1983/1997 1,600 25,000 UKNS Total Jun-11 Dec-12 254,000 256,000 GSF Grand Banks (6), (8) semi 1,500 25,000 Canada Husky Jan-11 Jan-13 297,000 356,000 Actinia semi 1,500 25,000 Malaysia Malaysia India ONGC May-12 May-15 190,000 222,000 Sedco 601 semi 1,500 25,000 Malaysia Stacked semi 1972/1993 1,500 25,000 Congo Total Aug-11 Dec-11 235,000 210,000 Transocean Winner (6), (7) semi 1,500 25,000 Lundin Apr-10 Oct-12 480,000 390,000 Marathon Oct-12 Oct-13 448,000 480,000 Transocean Searcher (6), (7) semi 1983/1988 1,500 25,000 Statoil May-09 May-12 431,000 395,000 May-12 May-14 387,000 431,000 Transocean Prospect (7) semi 1983/1992 1,500 25,000 UKNS Nexen Jun-11 Feb-13 243,000 N/A J.W. McLean semi 1974/1996 1,250 25,000 UKNS Stacked Sedco 704 semi 1974/1993 1,000 25,000 UKNS ADTI Jan-11 Nov-11 See Footnote 9 417,000 UKNS Premier Oil Nov-11 Dec-11 253,000 See Footnote 9 Total Estimated Days Out of Service Estimated Average Contract Dayrate (5) $287,000 $283,000 $307,000 $299,000 $293,000 $293,000 Page 5 Yr. (1) Water Drilling Estimated Current Previous Floater Entered Depth Depth Contract Estimated Contract (3) Contract (3) Rig Type/Name Type Service Revisions to Fleet Status Report Noted in Bold Dynamically positioned Estimated Out of Service Days (4) High Specification Jackups (9) GSF Constellation I (6) 30,000 Gabon Total Dec-10 May-12 100,000 110,000 Gabon Mitsubishi May-12 Jul-12 140,000 100,000 GSF Constellation II (20) 30,000 Egypt Company Feb-10 May-12 109,000 194,000 GSF Galaxy I 1991/2001 30,000 UKNS Stacked GSF Galaxy II (7) 30,000 UKNS GDF Suez Jul-11 Apr-12 168,000 N/A GDF Suez Apr-12 Jan-13 191,000 168,000 GSF Galaxy III (6), (7) 30,000 UKNS Nexen Oct-07 Nov-11 109,000 100,000 UKNS Nexen Nov-11 Nov-12 144,000 109,000 GSF Baltic (6), (7) 25,000 Nigeria ExxonMobil Jun-10 Jun-12 100,000 248,000 GSF Magellan 30,000 Nigeria GSF Monarch (6) 30,000 Denmark Maersk Oil Jul-11 Jun-12 92,000 N/A GSF Monitor 30,000 Nigeria Total Mar-11 Oct-11 110,000 N/A Nigeria Shebah E&P Nov-11 Jan-12 123,000 110,000 Ivory Coast Rialto Energy Jan-12 May-12 118,000 123,000 Total Estimated Days Out of Service Estimated Average Contract Dayrate (5) $120,000 $116,000 $121,000 $124,000 $159,000 $172,000 Standard Jackups (50) Trident IX 21,000 Malaysia Trident 17 25,000 Malaysia Stacked GSF Adriatic II 25,000 Gabon Stacked GSF Adriatic IX 25,000 Nigeria Afren Jul-11 Aug-12 100,000 92,000 GSF Adriatic X 30,000 Nigeria GSF Key Manhattan 25,000 Italy Eni Apr-10 Apr-13 137,000 N/A GSF Key Singapore 25,000 Egypt Stacked GSF Adriatic VI 25,000 Gabon Stacked GSF Adriatic VIII 25,000 Gabon Stacked C.E. Thornton (7) 25,000 India ONGC Oct-08 Oct-11 124,000 45,000 D.R. Stewart 25,000 Croatia Stacked F.G. McClintock 25,000 India Idle GSF Adriatic I 25,000 Gabon Stacked GSF Adriatic V 25,000 Gabon Stacked GSF Compact Driller 25,000 Thailand Chevron Oct-09 Apr-12 100,000 (21) 196,000 Thailand Chevron Apr-12 Dec-12 100,000 100,000 (21) GSF Galveston Key 25,000 Cuu Long JOC Nov-11 Mar-12 116,000 103,000 GSF Key Gibraltar 1976/1996 25,000 Thailand Chevron Jul-11 Jun-14 105,000 (21) N/A GSF Key Hawaii 25,000 GSF Main Pass I 25,000 Saudi Arabia Saudi Aramco Jun-11 Sep-14 73,000 164,000 GSF Main Pass IV 25,000 Saudi Arabia Saudi Aramco Jul-11 Oct-14 73,000 164,000 GSF Parameswara 20,000 Indonesia Total Nov-09 Dec-12 122,000 168,000 GSF Rig 134 20,000 Malaysia Stacked GSF Rig 136 1982/1999/ 25,000 Malaysia Stacked Harvey H. Ward 25,000 Indonesia Pertamina Nov-11 May-13 97,000 N/A Interocean III 1978/1993 25,000 Egypt Stacked J.T. Angel 25,000 India ONGC May-10 May-13 65,000 N/A Randolph Yost 25,000 India Stacked Roger W. Mowell 25,000 Malaysia Stacked Page 6 Yr. (1) Water Drilling Estimated Current Previous Floater Entered Depth Depth Contract Estimated Contract (3) Contract (3) Rig Type/Name Type Service Revisions to Fleet Status Report Noted in Bold Dynamically positioned Estimated Out of Service Days (4) Ron Tappmeyer 25,000 India ONGC Jun-10 Jun-13 65,000 64,000 Transocean Shelf Explorer 20,000 Malaysia Stacked Transocean Nordic 25,000 Malaysia Stacked Trident 15 25,000 Thailand Chevron Feb-10 Feb-12 92,000 (22) 100,000 Feb-12 Jun-13 100,000 100,000 Trident 16 25,000 Malaysia Thailand Chevron Mar-12 Mar-13 124,000 118,000 Trident II 1977/1985 25,000 India ONGC Mar-10 Apr-15 78,000 140,000 Trident IV-A 1980/1999 25,000 Gabon Stacked Trident VIII 21,000 Gabon Perenco Oct-11 Mar-13 96,000 85,000 Trident XII 1982/1992 25,000 India ONGC May-10 May-13 65,000 140,000 Trident XIV 1982/1994 25,000 Angola Chevron May-11 Nov-11 105,000 154,000 GSF High Island II 20,000 Saudi Arabia Saudi Aramco Jul-11 Oct-14 73,000 164,000 GSF High Island IV 1980/2001 20,000 Saudi Arabia Saudi Aramco May-07 Sep-14 73,000 107,000 GSF High Island V 20,000 Gabon Stacked GSF High Island IX 20,000 Ghana Stacked GSF High Island VII 20,000 Nigeria Afren Oct-11 Dec-11 100,000 88,000 Nigeria Afren Dec-11 Mar-12 110,000 100,000 GSF Rig 103 20,000 Egypt Stacked GSF Rig 105 20,000 Egypt GSF Rig 124 20,000 Egypt GSF Rig 127 20,000 Bahrain Stacked GSF Rig 141 20,000 Egypt GUPCO Jul-11 Jul-13 55,000 N/A 20,000 Egypt GUPCO Sep-09 Sep-12 50,000 112,000 Trident VI 21,000 Malaysia Stacked Total Estimated Days Out of Service Estimated Average Contract Dayrate (5) $96,000 $90,000 $89,000 $89,000 $88,000 $89,000 Swamp Barges (1) Hibiscus (6), (16) 1979/1993 20,000 Indonesia Total Oct-07 Nov-12 73,000 74,000 1,155 1,045 Fixed-Price Options (10) Ultra-Deepwater GSF Explorer ship 1972/1998 7,800 30,000 Indonesia Marathon-led Consortium Jul-12 Oct-12 510,000 510,000 Page 7 Yr. (1) Water Drilling Estimated Current Previous Floater Entered Depth Depth Contract Estimated Contract (3) Contract (3) Rig Type/Name Type Service Revisions to Fleet Status Report Noted in Bold Dynamically positioned Estimated Out of Service Days (4) Harsh Environment Transocean Barents (6), (7), (28) semi 10,000 30,000 DNO Jul-14 Jul-16 573,000 (31) 573,000 (31) Transocean Spitsbergen (6), (7), (28), (30) semi 10,000 30,000 Statoil Jul-13 Jul-15 525,000 503,000 Jul-15 Jul-17 525,000 525,000 Transocean Leader (6), (7) semi 1987/1997 4,500 25,000 Statoil Feb-15 Feb-16 400,000 471,000 Paul B. Loyd, Jr. (6), (7) semi 2,000 25,000 UKNS Mar-13 Jun-13 344,000 346,000 Jun-13 Sep-13 344,000 344,000 Transocean Arctic (6), (7) semi 1,650 25,000 Rig Management Norway Feb-14 Aug-14 413,000 395,000 Rig Management Norway Oct-14 Mar-15 413,000 413,000 Midwater Floaters Transocean Searcher (6), (7) semi 1983/1988 1,500 25,000 May-14 Nov-15 387,000 380,000 Transocean Prospect (7) semi 1983/1992 1,500 25,000 UKNS Nexen Feb-13 Aug-13 245,000 245,000 Transocean Winner (6), (7) semi 1,500 25,000 Marathon Oct-13 Aug-14 448,000 448,000 High Specification Jackups GSF Constellation II (20) 30,000 Egypt Pharaonic Mar-12 Oct-12 115,000 109,000 Oct-12 Apr-13 118,000 115,000 GSF Galaxy III (6), (7) 30,000 UKNS Nexen Nov-12 May-13 144,000 147,000 GSF Monarch (6) 30,000 Denmark Maersk Oil Jul-12 Nov-12 92,000 93,000 Nov-12 Mar-13 92,000 92,000 Mar-13 Jul-13 92,000 92,000 GSF Monitor 30,000 Ivory Coast Rialto Energy May-12 Jun-12 118,000 123,000 Standard Jackups GSF Adriatic X 30,000 Nigeria GSF Rig 124 20,000 Egypt Harvey H. Ward 25,000 Indonesia Pertamina May-13 Nov-13 97,000 N/A GSF Key Hawaii 25,000 Trident VIII 21,000 Gabon Perenco Apr-13 Oct-13 Footnote 26 96,000 Revenue Efficiency Q2 2011 Actual Q1 2011 Actual Q4 2010 Actual Q3 2010 Actual Q2 2010 Actual Q1 2010 Actual Q4 2009 Actual Q3 2009 Actual Q2 2009 Actual Ultra Deepwater 89.3% 85.3% 86.1% 86.5% 89.1% 92.2% 92.2% 92.7% 97.7% Deepwater 93.9% 88.2% 88.6% 90.1% 92.8% 89.7% 91.9% 91.3% 83.2% Harsh Environment Floaters 98.4% 99.2% 96.1% 96.4% 96.9% 94.8% 97.7% 97.2% 97.9% Midwater Floaters 91.9% 93.6% 85.0% 96.2% 93.9% 94.7% 95.1% 97.4% 91.9% High Specification Jackups 95.6% 95.1% 97.7% 93.3% 98.9% 92.5% 98.2% 94.7% 94.7% Standard Jackups 98.4% 97.7% 98.9% 96.4% 97.3% 97.1% 93.7% 98.4% 95.3% Others 97.6% 99.0% 96.1% 99.6% 98.5% 99.5% 98.7% 84.8% 99.5% Estimated Contract Drilling Revenue can be calculated as: Paid Days on Contract * Average Contract Dayrate * Revenue Efficiency Revenue Efficiency is defined as actual contract drilling revenue divided by the highest amount of total contract drilling revenue which could have been earned during the relevant period(s) expressed as a percentage. Revenue Efficiency measures how much revenue we have earned against our maximum potential revenue per the contract. Revenue Efficiency does not apply during Out of Service Days (Shipyard, Mobilizations, Demobilizations, Contract Preparation). The following table has been restated for Caspian Sea discontinued operations. Page 8 Start Date Discoverer 534 6/16/2011 Sedco 709 Prior to 2010 Transocean Richardson 3/15/2011 Jim Cunningham 5/13/2010 Sovereign Explorer 11/1/2010 Sedco 700 Prior to 2010 C. Kirk Rhein, Jr. Prior to 2010 GSF Aleutian Key 1/9/2010 Sedco 703 Prior to 2010 Sedco 712 Prior to 2010 Sedco 601 4/9/2011 J.W. McLean 4/13/2011 GSF Galaxy I Prior to 2010 Trident 17 Prior to 2010 GSF Adriatic II Prior to 2010 GSF Key Singapore 10/21/2010 GSF Adriatic VI Prior to 2010 GSF Adriatic VIII 7/3/2010 D.R. Stewart 8/7/2010 GSF Adriatic I Prior to 2010 GSF Adriatic V Prior to 2010 GSF Rig 134 5/3/2010 GSF Rig 136 Prior to 2010 Interocean III Prior to 2010 Randolph Yost 9/15/2010 Roger W. Mowell 8/29/2010 Transocean Shelf Explorer Prior to 2010 Transocean Nordic Prior to 2010 Trident IV-A Prior to 2010 GSF High Island V Prior to 2010 GSF High Island IX Prior to 2010 GSF Rig 103 Prior to 2010 GSF Rig 127 Prior to 2010 Trident VI Prior to 2010 Rig Type/Name Start Date F.G. McClintock 10/10/2011 High Specification Jackups (1) However, stacked rigs will continue to incur operating costs at or above normal operating costs for 30 to 60 days following initiation of stacking. Revisions to Fleet Status Report Noted in Bold Standard Jackups (21) Stacked Rigs Deepwater (5) Midwater Floaters (7) Standard Jackups (1) Idle Rigs Page 9 (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) (20) (21) (22) (23) (24) (25) (26) (27) (28) (29) (30) (31) Dayrate excludes additional premiums for parallel operations at well centers, dynamic position operations and HPHT operations. Reduced dayrate will apply up to a maximum of 200 days for While the customer has the option to add any out of service days to the end of the contract, the Estimated Expiration Date does not reflect any extension due to this option until actually exercised by the customer. In October 2011, we acquired 100% of Aker Drilling ASA. Through the transaction we acquired two rigs, renamed Transocean Barents and Transocean Spitsbergen. Through the transaction we also acquired two Ultra-Deepwater drillships under construction with DSME. Construction of the DSME 12000 Drillship TBN1 and DSME 12000 Drillship TBN2 is expected to be completed in the first and second quarter of 2014 followed by sea trials and mobilization. performance and other factors. The contract dayrate is $145,000, excluding escalation. The customer has the option to extend the contract for an additional six month period at any time prior to October 30, 2012 at a dayrate with a floor of $85,000 and a ceiling of $130,000, to be mutually agreed The customer has the right to extend the program in USGOM for another 6 months. on the country of future operations. For example, the dayrate could change to $640,000 or $650,000 if the operating location of the rig is moved to the USGOM or Brazil, respectively. Current contract provides for a bonus incentive opportunity not reflected in the stated current contract dayrate. For the period of time that this rig is contracted to Applied Drilling Technology International, the drilling management services division of the company's U.K. operating subsidiary, or Applied Drilling Technology Inc., the company's U.S. drilling management services subsidiary, accounting rules require that we eliminate the revenues and costs related to those contracts from the contract drilling segment of the commence during the first quarter of 2013, after shipyard construction followed by sea trials, mobilization to Thailand and customer acceptance. The contract commencement date is contingent on vendor commence during the third quarter of 2013, after shipyard construction followed by sea trials, mobilization to Thailand and customer acceptance. The contract commencement date is contingent on vendor The customer may elect to have the operating dayrate for the last five years of the contract fluctuate based on crude oil price with a floor of $458,250 corresponding to a crude oil price of less than or equal to $50 per barrel, and a ceiling of $558,250 corresponding to a crude oil price of $100 per barrel or greater. The customer has the right to convert the three-year contract to a five-year contract until October 31, 2011. The dayrate will become $490,000 excluding escalation from the exercise date if the Customer exercises this right. Until August 2012, the contract dayrate is $469,000, subject to cost escalation. The dayrate for the remainder of the contract is linked to the standard West Texas Intermediate crude oil price with a floor of $40 per barrel resulting in a contract dayrate of $400,000 and a ceiling of $70 per barrel resulting in a contract dayrate of $500,000, subject to cost escalation. The rig is owned by a joint venture in which the company owns less than a 100 percent interest. Dayrate reflects 100 percent of the contract rate. depending on the country of future operations. Estimated Average Contract Dayrate is defined as the average contracted full operating dayrate to be earned per revenue earning day. See note (3) for definition of full operating dayrate. Reflects the current contracted dayrate which could reflect prior cost escalations and could change in the future due to further cost escalations. Reflects the current contracted dayrate which is comprised of a foreign currency component and which could change due to foreign exchange adjustments. price options increases. During periods when dayrates on new contracts are decreasing relative to existing contracts, the likelihood of customers’ exercising fixed price options declines. Footnotes Represents the full operating dayrate, although the average dayrate over the term of the contract will be lower and could be substantially lower. Does not reflect incentive programs which are typically based on the rig's operating performance against a performance curve. Please refer to the “Customer Contract Duration and Dayrates and Risks Associated with Operations” section of the Disclaimers & Definitions for a description of dayrates. This column may not reflect the rate currently being received under the contract as a result of an applicable standby rate or other rate, which typically is less than the contract dayrate. Dates shown are the original service date and the date of the most recent upgrade, if any. date the contract for each rig is likely to expire. Some rigs have two or more contracts in continuation, so the last line shows the estimated earliest availability. Many contracts permit the customer to extend the contract. The out of service time represents those days where a rig is scheduled to be out of service and not be available to earn an operating dayrate. Please refer to the “Out of Service Days (Shipyards, Mobilizations, Demobilizations, Contract Preparation)” section of the Disclaimers & Definitions for a full description. Page 10 DISCLAIMERS & DEFINITIONS
Fleet Status Report