EX-99.1 2 h14746exv99w1.txt FLEET UPDATE [TRANSOCEAN LOGO] The information contained in this Monthly Fleet Update report (the "Information") is as of the date of the report only and is subject to change without notice to the recipient. Transocean Inc. assumes no duty to update any portion of the Information. DISCLAIMER. NEITHER TRANSOCEAN INC. NOR ITS AFFILIATES MAKE ANY EXPRESS OR IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE) REGARDING THE INFORMATION CONTAINED IN THIS REPORT, WHICH INFORMATION IS PROVIDED "AS IS." Neither Transocean Inc. nor its affiliates will be liable to any recipient or anyone else for any inaccuracy, error or omission, regardless of cause, in the information set forth in this report or for any damages (whether direct or indirect, consequential, punitive or exemplary) resulting therefrom. NO UNAUTHORIZED PUBLICATION OR USE. All information provided by Transocean Inc. in this report is given for the exclusive use of the recipient and may not be published, redistributed or retransmitted without the prior written consent of Transocean Inc. CLIENT CONTRACT DURATION AND DAYRATES AND RISKS ASSOCIATED WITH OPERATIONS. The duration of the client contracts is the estimated duration only, and client contracts are subject to cancellation or suspension for a variety of reasons, including some beyond the control of Transocean Inc. Also, the dayrates set forth in the report are estimates based upon the full contractual operating dayrate. However, the actual average dayrate earned over the course of any given contract will be lower and could be substantially lower. The actual average dayrate will depend upon a number of factors (rig downtime, suspension of operations, etc.) including some beyond the control of Transocean Inc. Our client contracts and operations are generally subject to a number of risks and uncertainties, and we urge you to review the description and explanation of such risks and uncertainties in our filings with the Securities and Exchange Commission (SEC), which are available free of charge on the SEC's website at www.sec.gov. THIS REPORT DOES NOT INCLUDE CONTRACT STATUS INFORMATION FOR THE FLEET OF TODCO, A PUBLICLY TRADED DRILLING COMPANY IN WHICH TRANSOCEAN OWNS A MAJORITY INTEREST. NEW FLEET CLASSIFICATION. TRANSOCEAN INC. HAS CREATED A NEW RIG CLASSIFICATION TO ITS LISTING OF SEMISUBMERSIBLE RIGS AND DRILLSHIPS TO BETTER REFLECT THE COMPANY'S STRATEGIC FOCUS ON THE OWNERSHIP AND OPERATION OF PREMIUM, HIGH SPECIFICATION FLOATING RIGS. THE NEW RIG CLASSIFICATION, "HIGH SPECIFICATION FLEET," IS COMPRISED OF "5TH GENERATION DEEPWATER," WHICH REFERS TO THE LATEST GENERATION OF SEMISUBMERSIBLE RIGS AND DRILLSHIPS POSSESSING THE LATEST TECHNICAL DRILLING CAPABILITIES AND THE ABILITY TO OPERATE IN WATER DEPTHS IN EXCESS OF 7,000 FEET, "OTHER DEEPWATER," WHICH REFERS TO SEMISUBMERSIBLE RIGS AND DRILLSHIPS THAT POSSESS THE ABILITY TO DRILL IN WATER DEPTHS EQUAL TO OR GREATER THAN 4,500 FEET AND "OTHER HIGH SPECIFICATION," COMPRISED OF FOUR OF THE COMPANY'S PREMIUM HARSH ENVIRONMENT RIGS, THE SEMISUBMERSIBLES HENRY GOODRICH, PAUL B. LOYD, JR., TRANSOCEAN ARCTIC AND POLAR PIONEER. THE PREVIOUS CATEGORY ENTITLED "MID-WATER FLEET" HAS BEEN RENAMED "OTHER FLOATERS," WHICH REPRESENTS SEMISUBMERSIBLE RIGS AND DRILLSHIPS THAT POSSESS THE ABILITY TO DRILL IN WATER DEPTHS OF UP TO 4,499 FEET. Transocean Inc. Fleet Page 1 [TRANSOCEAN LOGO] Transocean Inc. (NYSE: RIG) Monthly Fleet Update Updated : April 27, 2004 NEW CONTRACTS AND CONTRACT EXTENSIONS NOTED IN BOLD
-------------------------------- | DYNAMICALLY POSITIONED = * | -------------------------------- CURRENT CURRENT PREVIOUS YR. WATER CONTRACT CONTRACT CONTRACT FLOATER ENTERED DEPTH DRILLING START/IDLE ESTIMATED(2) DAYRATE DAYRATE RIG TYPE/NAME TYPE SERVICE(1) (FT.) DEPTH LOCATION CLIENT DATE EXPIRATION (3) (3) ------- ---------- ------- -------- -------- ------------- ---------- --------------- -------- -------- HIGH SPECIFICATION FLOATERS: 5th GENERATION DEEPWATER(13) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Discoverer Deep Seas ship * 2001 10,000 35,000 USGOM ChevronTexaco Jan-01 Jan-06 $205,000 N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Discoverer Enterprise ship * 1999 10,000 35,000 USGOM BP Dec-99 Dec-04 $198,600 N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- USGOM BP DEC-04 DEC-07 $182,500 $198,600 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Discoverer Spirit ship * 2000 10,000 35,000 USGOM Unocal Sep-00 Sep-05 $204,000 N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Discovery ship * 2000 10,000 30,000 Enroute Apr-04 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Pakistan Total May-04 Jun-04 $165,000 $179,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Frontier ship * 1999 10,000 30,000 Brazil Petrobras Mar-04 Jan-06 $145,000 $158,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Millennium ship * 1999 10,000 30,000 USGOM Dominion Apr-04 May-04 $135,000 $145,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- USGOM Dominion May-04 May-04 $130,000 $135,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- USGOM Kerr-McGee Aug-04 Oct-04 $193,500 $165,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Pathfinder ship * 1998 10,000 30,000 USGOM ChevronTexaco Jan-04 Jun-04 $135,000 $164,400 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- E. Canada Marathon Jul-04 Oct-04 $157,300 $135,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Expedition(9) ship * 1999 10,000 30,000 Brazil Petrobras Oct-99 Sep-05 $135,000 N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Horizon semi * 2001 10,000 30,000 USGOM BP Sep-01 Sep-04 $200,000 N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- USGOM BP SEP-04 SEP-05 $165,000 $200,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Cajun Express semi * 2001 8,500 25,000 USGOM Dominion Feb-04 May-04 $90,000 $125,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- USGOM ChevronTexaco May-04 Aug-04 $150,000 $125,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Nautilus(4) semi 2000 8,000 30,000 USGOM Shell Jun-00 Jun-05 $201,800 N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco Energy semi * 2001 7,500 25,000 Nigeria ChevronTexaco May-03 Oct-04 $181,400 $176,100 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco Express(9) semi * 2001 7,500 25,000 Brazil Petrobras Jan-03 Aug-04 $125,000 $110,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- OTHER DEEPWATER(15) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Deepwater Navigator ship * 2000 7,200 25,000 Brazil Petrobras Jul-03 Jul-04 $94,300 $99,300 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Discoverer 534 ship * 1975/1991 7,000 25,000 India RELIANCE DEC-03 JUN-04 $110,000 $110,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Discoverer Seven Seas ship * 1976/1997 7,000 25,000 India ONGC Feb-04 Feb-07 $125,000 $125,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Marianas semi 1998 7,000 25,000 USGOM KERR-MCGEE MAY-04 JUN-04 $85,000 $75,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 707(9) semi * 1976/1997 6,500 25,000 Brazil Petrobras Feb-04 Nov-05 $100,000 $100,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Jack Bates(9) semi 1986/1997 5,400 30,000 UKNS Total Apr-04 Jul-04 $125,000 $80,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Peregrine I(5) ship * 1996 5,280 25,000 Brazil Apr-04 idle $70,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 709 semi * 1977/1999 5,000 25,000 Nigeria Shell May-04 30-day planned shipyard program ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Nigeria Jun-04 Jun-04 $150,000 $145,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- M.G. Hulme, Jr.(6) semi 1983/1996 5,000 25,000 Nigeria Total Apr-04 Jun-04 $85,000 $125,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Richardson semi 1988 5,000 25,000 Ivory CNR Oct-03 Oct-05 $85,000 $45,000 Coast ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Jim Cunningham semi 1982/1995 4,600 25,000 Egypt GUPCO Aug-03 Jul-04 $67,500 $54,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Aug-04 15-day planned shipyard program ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 710(9) semi * 1983 4,500 25,000 Brazil Petrobras Oct-01 Oct-06 $109,500 $71,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Rather semi 1988 4,500 25,000 Angola ExxonMobil Apr-03 May-04 $99,000 $85,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Leader(10) semi 1987/1997 4,500 25,000 UKNS Feb-04 shipyard program- $107,500 contract preparation ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Norway Statoil May-04 Aug-05 $187,000 $107,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sovereign Explorer semi 1984 4,500 25,000 Las Palmas Jun-03 idle $85,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- OTHER HIGH SPECIFICATION(4) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Henry Goodrich semi 1985 2,000 30,000 E. Canada Terra Nova Feb-03 Feb-05 $116,600 $110,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Paul B. Loyd, Jr. semi 1987 2,000 25,000 UKNS BP Mar-04 Mar-05 $120,000 $107,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Arctic semi 1986 1,650 25,000 NNS Mar-04 shipyard program- $200,000 contract preparation ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Polar Pioneer semi 1985 1,500 25,000 NNS Norsk Hydro Jan-04 Oct-04 $110,200 $106,400 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- NNS Jun-04 21-day planned shipyard program ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- NNS Statoil Oct-04 Jun-06 $172,800 $110,200 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- --------
Transocean Inc. Fleet Page 2 [TRANSOCEAN LOGO] Transocean Inc. (NYSE: RIG) Monthly Fleet Update Updated : April 27, 2004 NEW CONTRACTS AND CONTRACT EXTENSIONS NOTED IN BOLD
-------------------------------- | DYNAMICALLY POSITIONED = * | -------------------------------- CURRENT CURRENT PREVIOUS YR. WATER CONTRACT CONTRACT CONTRACT FLOATER ENTERED DEPTH DRILLING START/IDLE ESTIMATED(2) DAYRATE DAYRATE RIG TYPE/NAME TYPE SERVICE(1) (FT.) DEPTH LOCATION CLIENT DATE EXPIRATION (3) (3) ------- ---------- ------- -------- -------- ------------- ---------- --------------- -------- -------- OTHER FLOATERS(25) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Peregrine III ship * 1976 4,200 25,000 USGOM idle N/A ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 700 semi 1973/1997 3,600 25,000 E. Guinea A. Hess Oct-03 Jul-04 $84,000 $86,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Legend(9) semi 1983 3,500 25,000 Brazil Petrobras May-02 May-04 $55,000 $52,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Amirante semi 1978/1997 3,500 25,000 USGOM Feb-02 idle $50,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- C. Kirk Rhein, Jr. semi 1976/1997 3,300 25,000 USGOM Mar-02 idle $63,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Driller(9) semi 1991 3,000 25,000 Brazil PETROBRAS APR-04 AUG-04 $52,000 $55,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Falcon 100 semi 1974/1999 2,400 25,000 USGOM Sep-03 idle $42,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 703 semi 1973/1995 2,000 25,000 Australia Apache Apr-04 May-04 $73,700 $73,200 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Australia BHPB May-04 Jun-04 $75,000 $73,700 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Australia Apache Jun-04 Jul-04 $73,700 $75,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Australia Eni Jul-04 Aug-04 $75,000 $73,700 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Australia ChevronTexaco Aug-04 Aug-04 $72,500 $73,700 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Australia WOODSIDE AUG-04 SEP-04 $77,000 $72,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Australia ANTRIM SEP-04 OCT-04 $77,000 $77,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 711 semi 1982 1,800 25,000 UKNS Shell Apr-04 Dec-04 $45,100 $43,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean John Shaw semi 1982 1,800 25,000 UKNS CNR Apr-04 Jun-04 $55,000 $45,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- UKNS Jul-04 Aug-04 $50,000 $55,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 712 semi 1983 1,600 25,000 UKNS Nov-03 idle $47,700 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 714 semi 1983/1997 1,600 25,000 UKNS EnCana Apr-04 Jul-04 $44,500 $40,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Actinia semi 1982 1,500 25,000 Egypt IEOC Mar-04 May-04 $44,000 $42,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 600 semi 1983 1,500 25,000 Singapore Mar-04 shipyard program- $52,000 contract preparation ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Russia BP JUL-04 SEP-04 $60,000 $52,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 601 semi 1983 1,500 25,000 Indonesia Schlumberger Jan-04 May-04 $65,000 $58,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedneth 701 semi 1972/1993 1,500 25,000 Angola ChevronTexaco Nov-03 Sep-04 $63,000 $55,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 702 semi 1973/1992 1,500 25,000 Australia Apr-03 idle $80,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Winner semi 1983 1,500 25,000 NNS Aug-02 idle $120,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Searcher semi 1983/1988 1,500 25,000 NNS Statoil Jul-03 Jul-04 $103,800 $105,800 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- NNS Statoil Aug-04 May-05 $111,000 $103,800 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Prospect semi 1983/1992 1,500 25,000 UKNS Oct-02 idle $98,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Wildcat semi 1977/1985 1,300 25,000 UKNS Oct-01 idle $85,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Explorer semi 1976 1,250 25,000 UKNS Jan-99 idle $145,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- J.W. McLean semi 1974/1996 1,250 25,000 UKNS Oilexco Jan-04 May-04 $50,000 $46,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 704 semi 1974/1993 1,000 25,000 UKNS ADTI Mar-04 May-04 $55,000 $45,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 706 semi 1976/1994 1,000 25,000 UKNS Sep-03 idle $57,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- --------
Transocean Inc. Fleet Page 3 [TRANSOCEAN LOGO] Transocean Inc. (NYSE: RIG) Monthly Fleet Update Updated : April 27, 2004 NEW CONTRACTS AND CONTRACT EXTENSIONS NOTED IN BOLD
-------------------------------- | DYNAMICALLY POSITIONED = * | -------------------------------- CURRENT CURRENT PREVIOUS YR. WATER CONTRACT CONTRACT CONTRACT FLOATER ENTERED DEPTH DRILLING START/IDLE ESTIMATED(2) DAYRATE DAYRATE RIG TYPE/NAME TYPE SERVICE(1) (FT.) DEPTH LOCATION CLIENT DATE EXPIRATION (3) (3) ------- ---------- ------- -------- -------- ------------- ---------- --------------- -------- -------- JACKUPS(26) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Interocean III 1978/1993 300 25,000 Egypt Devon May-03 Sep-04 $38,000 $39,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Shelf Explorer 1982 300 20,000 E. Guinea Marathon Oct-03 Jul-04 $58,000 $72,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Comet 1980 250 20,000 Egypt GUPCO Oct-03 Oct-05 $32,000 $27,300 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Mercury 1969/1998 250 20,000 Egypt GUPCO Dec-03 Jun-04 $34,000 $30,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Transocean Nordic 1984 300 25,000 India RELIANCE FEB-04 SEP-04 $57,800 $72,100 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident II 1977/1985 300 25,000 India ONGC May-03 May-06 $60,000 $34,900 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident IV 1980/1999 300 25,000 Enroute Apr-04 60-day $59,900 mobilization/shipyard program ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident VI 1981 220 21,000 Cameroon Jan-04 idle $53,200 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident VIII 1982 300 21,000 Congo ChevronTexaco Dec-03 May-04 $35,000 $59,100 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident IX 1982 400 20,000 Vietnam JVPC Nov-03 Aug-04 $56,300 $65,250 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Vietnam JVPC Aug-04 Aug-05 $60,000 $56,300 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident XII 1982/1992 300 25,000 India ONGC Nov-03 Nov-06 $62,250 $57,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident XIV 1982/1994 300 20,000 Congo Jul-03 idle $75,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident 15 1982 300 25,000 Thailand Unocal Feb-03 Feb-05 $53,500 $70,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident 16 1982 300 25,000 Thailand PTTEP Jan-04 Jun-04 $44,000 $53,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Thailand ChevronTexaco Jun-04 Jun-04 $53,000 $44,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident 17 1983 355 25,000 Vietnam Carigali Sep-03 May-04 $62,000 $55,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Vietnam CARIGALI MAY-04 JAN-06 $57,500 $62,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Trident 20 2000 350 25,000 Caspian Petronas Apr-04 Dec-04 $90,000 $89,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Ron Tappmeyer 1978 300 25,000 India ONGC Nov-03 Nov-06 $62,250 $50,100 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Randolph Yost 1979 300 25,000 India ONGC Nov-03 Nov-06 $60,750 $64,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- D.R. Stewart 1980 300 25,000 Italy Eni Mar-03 Mar-05 $51,000 $35,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- G.H. Galloway 1984 300 25,000 Italy Eni Jul-02 Jul-04 $48,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Italy ENI JUL-04 JUL-05 $51,000 $48,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Harvey H. Ward 1981 300 25,000 Malaysia Talisman Jul-02 Jul-04 $45,000 $44,900 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Malaysia TALISMAN JUL-04 JUL-05 $46,350 $45,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Roger W. Mowell 1982 300 25,000 Malaysia Talisman Dec-02 Nov-04 $45,000 $54,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Malaysia TALISMAN NOV-04 NOV-05 $46,350 $45,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- J.T. Angel 1982 300 25,000 India ONGC May-02 May-04 $50,000 $50,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- F.G. McClintock 1975 300 25,000 India ONGC Oct-02 Oct-04 $50,000 $55,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- C.E. Thornton 1974 300 25,000 India ONGC Jun-02 Jun-04 $45,000 $52,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Jupiter 1981/1997 170 16,000 UAE Sep-98 idle ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- --------
Transocean Inc. Fleet Page 4 [TRANSOCEAN LOGO] Transocean Inc. (NYSE: RIG) Monthly Fleet Update Updated : April 27, 2004 NEW CONTRACTS AND CONTRACT EXTENSIONS NOTED IN BOLD
-------------------------------- | DYNAMICALLY POSITIONED = * | -------------------------------- CURRENT CURRENT PREVIOUS YR. WATER CONTRACT CONTRACT CONTRACT FLOATER ENTERED DEPTH DRILLING START/IDLE ESTIMATED(2) DAYRATE DAYRATE RIG TYPE/NAME TYPE SERVICE(1) (FT.) DEPTH LOCATION CLIENT DATE EXPIRATION (3) (3) ------- ---------- ------- -------- -------- ------------- ---------- --------------- -------- -------- SELF-ERECTING TENDERS(4) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Searex 9 1981 400 20,000 Congo Apr-04 idle $42,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Searex 10 1983/1994 450 21,000 Nigeria Eni Oct-03 Aug-04 $44,000 $43,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Jul-04 28-day planned shipyard program ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Charley Graves 1975 500 20,000 Malaysia May-03 May-04 $40,000 $40,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- W.D. Kent 1977 400 20,000 Malaysia Jan-03 idle $35,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- NON-U.S. DRILLING BARGES(4) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Searex 4 1981/1989 21 25,000 Singapore Apr-04 shipyard program- contract preparation ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Indonesia TOTAL JUL-04 JUL-09 $39,200 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Searex 6 1981/1991 25 25,000 Cameroon Jul-02 idle $27,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Searex 12 1982/1992 25 25,000 Nigeria Shell Aug-02 Jun-04 $39,000 $37,000 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Hibiscus(7) 1979/1993 25 16,000 Indonesia Total Jan-04 Jan-07 $47,700 $44,300 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- PLATFORM RIGS(1) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Cliffs #1 1988/98 18,000 China idle ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- OTHER(2) ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Joides Resolution(8) ship * 1978 27,000 30,000 Japan Japex Dec-03 Apr-04 $88,750 $49,200 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- -------- Sedco 135D 1966/77/01 600 Brazil SLB Jun-01 Jun-09 $28,500 ---------------------- ---------- ------ ------- --------- ------------- ---------- ----------------- -------- --------
Footnotes: (1) Dates shown are the original service date and the date of the most recent upgrade, if any. (2) Expiration dates represent the company's current estimate of the earliest date the contract for each rig is likely to expire. Some rigs have two contracts in continuation, so the second line shows the estimated earliest availability. Many contracts permit the client to extend the contract. (3) 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. (4) The rig is leased from its owner, an unrelated third party, pursuant to a fully defeased lease arrangement. (5) Although originally constructed in 1982, this unit was substantially upgraded in 1996. (6) Accounted for as an operating lease as a result of the sale/leaseback transaction in November 1995. (7) Owned by a joint venture in which the company has a 75% interest. (8) Operated under a management contract with the rig's owner. The rig is currently engaged in scientific geological coring activities and is owned by a joint venture in which the company has a 50% interest. Dayrate indicated reflects 100% of contract rate. (9) Current contract provides for a bonus incentive opportunity not reflected in the stated current contract dayrate. (10) Dayrate reflects an average to be paid over the estimated 450-day contract period. The rig will receive a dayrate higher than the average when utilized in deep water and lower than the average when in a shallow depth. Transocean Inc. Fleet Page 5