S Steven L. Newman, Chief Executive Officer L N Chi f E i Offi Credit Suisse Energy Summit February 8, 2011 1
Transocean is the Industry Leader Worlds Largest Offshore Contract Driller Largest in all asset classes i ll l Operate in all markets worldwide Significant relationships across the customer spectrum Positioned to Lead Premier…
Strategy to Lead in Offshore Resource Development Transocean 4
Commitment to Drive Shareholder Value Return Cash to Capital Shareholders Investment Debt Margin Reduction Improvement 5
Largest Worldwide Rig Fleet 138(1) 140 Rigs Under Construction UltraDeepwater Floaters 120 Deepwater Floaters Harsh Env. Floaters 100 Midwater Floaters Jackups 71(2) 80 60 48 46 38(3) 40 26 20 0 RIG NE ESV DO SDRL…
Diversified Revenue Source YTD September 2010 7.4 billion By Asset Class y (5) By Customer y 7
Substantial Financial Flexibility From Free Cash Flow Backlog Total Free Cash Flow Backlog and Cash Exceed Total Debt By 4.3 billion (6) (US Billions) Estimated Dividend Distribution 5.0 Scheduled Debt Maturities (Face Value)…
Gulf of Mexico Fleet Impact Has Been Limited 13 rigs planned to be in USGOM during 2011 13 rigs planned to be in USGOM during 2011 As of February 1, 2011: y , 8 rigs are NTL05 compliant 5 rigs are on operating rate 6 rigs are on…
Newbuild Philosophy Drives Investment Decisions Customer Needs As A Starting Point Does RIG have a suitable unit available Provide Can a unit be upgraded Can a unit be upgraded Upgrade Is an acq isition a ailable Is an…
Jackup Market More Active And Evolving Transocean Fleet(1) 64 Key Market Drivers Total demand stable but bifurcatingg Increased demand for high spec jackups Demand growth is required to: Bring more idle jackups Bring more idle…
(8) Jackup Opportunities North Sea Egypt Saudi Arabia Mexico India Southeast Asia West Africa Middle East: Possible 12 units incremental demand North Sea: Possible 13 units incremental demand North Sea: Possible 13…
Midwater Market Activity Remains Steady Transocean Fleet(1) 25 Key Market Drivers No influx of newbuilds Stable commodity price may increase demand Deepwater moored units may be threat in 2011 5 available in 1H2011 Global Fleet…
(8) Midwater Opportunities UK India Nigeria Southeast Asia Australia India: Several 1,000 ft units required for 3 year terms Southeast Asia: Several short term tenders Nigeria: Multiple operators with short term…
Deepwater Demand Slower to Respond Transocean Fleet(1) 16 Key Market Drivers Ultradeepwater may be a threat p y Moored capacity challenged due to oversupply 3 available in 1H2011 Global Fleet (7) 52 Current Market Overview…
(8) Deepwater Opportunities Egypt Angola Brazil Australia Brazil: Multiple units required B il M lti l it i d Egypt: 2 units required Australia: 1 unit required Angola: Incremental short term work 17
UltraDeepwater Strengthening Transocean Fleet(1) 26 Key Market Drivers Short term oversupply due to newbuilds pp y and USGOM Market could tighten in 2011 Petrobras open tender Expected increased demand in 2H2011 di dd di 1…
(8) UltraDeepwater Opportunities Brazil: Up to 6 rigs for 3 to 5 year terms West Africa: Up to 7 rigs for 2 to 5 year terms India: 1 rig for 2 to 4 year term Asia Pacific: 2 rigs for 1 to 5 year terms Australia: 1 rig for 1 year…
LongTerm UltraDeepwater Outlook is Positive Black Sea / Turkey China Israel USGOM Mexico Liberia Philippines Cote dIvoire India Sierra Leona Ghana Gabon Indonesia Brazil Mozambique / Tanzania Australia 20
Key Investment Highlights Increasing global opportunities Preserved USGOM backlog and contracts Visibility and stability due to solid backlog g Committed to returning excess cash Dividends Share repurchase Substantial financial…
S Steven L. Newman, Chief Executive Officer L N Chi f E i Offi Credit Suisse Energy Summit February 8, 2011 22
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