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HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd.

Transocean Ltd. · Mar 26, 2012 · 21 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 1
    Transocean Ltd. Howard Weil 40th Annual Energy Conference March 26, 2012 1 www.deepwater.com www.deepwater.com
  2. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 2
    Transocean is the Industry Leader Worlds largest offshore contract driller Largest fleet in all asset classes Operate in all markets worldwide Significant relationships across the customer spectrum Positioned to lead Premier…
  3. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 3
    Key Investment Highlights Industry leader committed to customers, employees, and shareholders Backlog provides visibility Positioned to capture global opportunities in an improving market Standard High-Spec Ultra- Midwater…
  4. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 4
    Strategy to Lead in Offshore Resource Development Customer Technical Our People Global Reach Relationships Expertise Transocean 5 www.deepwater.com 5
  5. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 5
    Commitment to Drive Shareholder Value Return Excess Capital Cash to Investment Shareholders Debt Margin Reduction Improvement 6 www.deepwater.com 6
  6. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 6
    Strategic Objectives Reinforce balance sheet to maintain financial flexibility in light of post- Macondo operational challenges Equity offering Debt offering Suspension of dividend Balance sheet objectives Targeted cash levels: 3B…
  7. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 7
    Operational Imperatives We are focused on delivering superior operating performance: Revenue efficiency Technical improvements Contract changes Historic levels believed achievable but progress will likely be gradual and non-linear…
  8. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 8
    Largest Worldwide Rig Fleet Rigs Under Construction 138(1) 140 Ultra-Deepwater Floaters 6 Deepwater Floaters 120 29 Midwater Floaters (4) Jackups 100 18 79(2) 80 77 5 28 11 13 60 11 7 49 6 9 5 4 41(3) 40 8 56 5 10…
  9. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 9
    Diversified Revenue Source FY 2011 Revenues - 9.1 billion By Asset Class(4) By Customer 14% 21% 35% 12% 30% 6% 44% 35% 3% Ultra-Deepwater Deepwater Integrated NOC Independent Midwater Jackups ADTI Contract…
  10. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 10
    Strong Backlog Total Contract Revenue Backlog - 21.4 billion(5) Ultra-Deepwater Floaters (US billions) 7.9 8.0 Deepwater Floaters Midwater Floaters 7.0 6.2 Jackups (4) 6.0 4.2 5.0 3.8 3.9 4.0 3.4 1.1 3.0 0.8 2.1 2.8…
  11. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 11
    Fleet Management: Create Opportunities & Drive Returns Core, strategic asset portfolio 1. Ultra-deepwater 2. Harsh Environment 3. High-spec Jackups 4. High-quality floaters and jackups Acquire, build, divest and / or spin-off…
  12. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 12
    Newbuild Philosophy Drives Investment Decisions Customer Requirements as a Starting Point Does RIG have a suitable unit available Provide Can a unit be upgraded Upgrade Is an acquisition available Buy Is a newbuild…
  13. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 13
    Aker Drilling Acquisition Reflects execution of asset and growth strategy Strengthened position in Norway by adding two HDHE assets Ultra-deepwater drillships under construction provide growth and upside potential 14…
  14. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 14
    Strong Jackup Demand Leading to Reactivations Transocean Fleet(1) - 56 Key Market Drivers Demand and dayrates are increasing 18 Continuing demand growth is: Absorbing uncontracted newbuilds Increasing dayrates for standard units 38…
  15. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 15
    Midwater Market Activity and Dayrates Improving Transocean Fleet(1) - 28 Key Market Drivers No influx of newbuilds 7 Demand continues to increase Active areas include UK, Norway, India and Southeast Asia 21 Multiple opportunities…
  16. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 16
    Deepwater Demand Continues to Improve Transocean Fleet(1) - 18 Key Market Drivers Strong UDW utilization has positive impact on DW 5 Demand continues to increase Strong demand in West Africa, Australia and Southeast Asia 13 1…
  17. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 17
    Ultra-Deepwater Market is Robust Transocean Fleet(1) - 29 Key Market Drivers 0 2012 availability is almost absorbed Petrobras expected to contract more units 29 Demand and dayrates increasing Customers urgently pursuing available…
  18. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 18
    Long-Term Ultra-Deepwater Outlook is Positive Kara Sea Barents Sea Norway Black Sea / Turkey China Israel USGOM Mexico India Liberia Philippines Cote dIvoire Sierra Leone Ghana French Guiana Nigeria Indonesia Gabon…
  19. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 19
    Macondo Update Recent court decisions: Court found that, under OPA, BP and Anadarko are liable for the subsea discharges, and Transocean is liable for discharges from the rig above the surface of the water. Similarly, under CWA, the…
  20. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 20
    Key Investment Highlights Industry leader committed to customers, employees, and shareholders Backlog provides visibility Positioned to capture global opportunities in an improving market Standard High-Spec Ultra- Midwater…
  21. HOWARD WEIL 40TH ANNUAL ENERGY CONFERENCE – Transocean Ltd. – slide 21
    Transocean Ltd. Howard Weil 40th Annual Energy Conference March 26, 2012 22 www.deepwater.com www.deepwater.com

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