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Transocean Announces One-Year Contract Extension for Henry Goodrich

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STEINHAUSEN, Switzerland, — Transocean Ltd. (NYSE: RIG) has officially announced that the harsh environment semi-submersible Henry Goodrich was awarded a one-year contract extension offshore Eastern Canada with Husky Oil Operations Limited. The estimated contract backlog, excluding bonus opportunities, is approximately $100 million. The contract is expected to commence in the fourth quarter of 2018.

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 deepwater and harsh environment drilling services, and believes that it operates one of the most versatile offshore drilling fleets in the world.

Transocean owns or has partial ownership interests in, and operates a fleet of 43 mobile offshore drilling units consisting of 24 ultra-deepwater floaters, 12 harsh environment floaters, two deepwater floaters and five midwater floaters. In addition, Transocean is constructing two ultra-deepwater drillships; and one harsh environment semisubmersible in which the company has a one-third interest. The company also operates one high-specification jackup that was under a drilling contract when the rig was sold, and the company will continue to operate the jackup until completion or novation of the drilling contract.

For more information about Transocean, please visit: www.deepwater.com.

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